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China's currency, the yuan, is convertible for trade purposes under the current account, while the capital account, which covers portfolio investment and borrowing, is largely run by the state in an effort to control capital flows in and out of the country.
China's four top financial regulators, including the People's Bank of China and the CSRC, held a joint regulatory talk with Alibaba's top management on Monday. Alibaba's founder Jack Ma, Ant Group's chairman Eric Jing and the fintech company's CEO Simon Hu attended the meeting. Further details were not provided.
China's outbound investment is expected to "steadily slow down", as companies further strengthen their risk management capabilities to improve investment quality, according to professional services firm EY.
China's enthusiasm for clean energy is pushing the world to transition toward a low-carbon future, with plans to invest 2.5 trillion yuan (0 billion) in renewable energy by 2020, creating more than 13 million jobs, according to the National Energy Administration.
China's online booking system is the world's largest in terms of trade volume, the company said.