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China CITIC Bank Corp is revising its policies to encourage client managers to offer loans to small businesses, by removing their concerns for being held responsible for default on loans, as long as they perform due diligence according to the rules of the bank.

China United Airlines, a wholly owned subsidiary of China Eastern, will be the first airline to transfer its operations to Daxing from its current headquarters at Beijing Nanyuan Airport. It will operate over 130 daily flights from the new airport, serving a network of 60 routes. On Tuesday, the airline moved an empty plane to Daxing from Nanyuan.

China Life said ElmTree would retain a 5 percent stake and continue to manage the properties together.

China also continued to make headway in its supply-side structural reform, the bureau said. For example, the asset-liability ratio of major enterprises was 56.4 percent at the end of March, 0.8 percentage point lower than a year ago.

China Mengniu Dairy Co Ltd, one of the country's biggest dairy producers by revenue, plans to add more products to suit local preferences in countries and regions covered by the Belt and Road Initiative this year, said its top executive.