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China ranks top among 20 world markets in terms of fintech adoption, with 69 percent of surveyed consumer respondents saying they are actively using fintech services, 33 percentage points higher than the global average.

China started mulling an e-commerce law in 2013. After years of development, the much-anticipated law was adopted by the country's top law-making body in August last year.

China started a project on Tuesday to build its first large, domestically made cruise ship, a major stride in the nation's shipbuilding capabilities.

China will continue to remedy risks in peer-to-peer lending and other types of internet financial activity, and resolutely ban online institutions that are illegally engaged in financial activities, a China Banking and Insurance Regulatory Commission spokesperson said on June 4.

China will continue to expand opening up in the banking, insurance and securities sectors, and work toward the goal of fully lifting restrictions on ownership and access for foreign banks, he said, adding that the financial sector will continue to be a priority for the country's opening up.