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Ant Financial, the world's largest third-party payments platform. [Photo/VCG]

Another expectation he has for future Sino-Europe cooperation is to see more European companies present on China's e-commerce markets.

Apart from the huge task of the Olympic title defence at next year's Olympic Games in Tokyo, Chinese volleyball star Zhu Ting now has another mountain to climb.

Another financial giant, Bridgewater Associates, has announced that it has been granted a Private Securities Investment Fund Manager license from AMAC. The license will allow the firm to develop and market investment products to investors in China.

Apart from simmering tension over territorial waters, the two countries have locked horns on the stewardship of a portion of airspace in the southern Malaysian state of Johor that borders Singapore and the review of the price of fresh water that Singapore pays to Malaysia.