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"China's wealth management industry will embrace a historical transition of business models and a comprehensive restructuring of its ecosystem. The establishment of ABC Wealth Management is an important measure taken by the Agricultural Bank of China to carry out supply-side structural reform in the financial sector, further implement new regulations for the asset management industry, push for high-quality development of the real economy, and actively tackle changes in the wealth management industry," said Zhou Mubing, chairman of the Agricultural Bank of China, the country's third-largest commercial lender by assets.

"Chinese people once transported many commodities like tea to India through the Ancient Tea Horse Road (a trade link in Southwest China, extending to South Asia). The history of trade may partly explain our similarities," he said.

"Credibility in the virtual world is as important as that in reality, so our fight against online violations must be strengthened," Zhu Wei, an associate professor of law at the China University of Political Science and Law, told China Daily on Tuesday.

"China's level of investment attraction, the effectiveness of pandemic control, and organizing events like this (the CIIE)…all serve as a protection to investors," said Zhang.

"China will accelerate the modernization of the IPR governance system and ability and further promote the application and transformation of intellectual property to create more social benefits," Shen said,