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Chinese investors take a lead in property ownership, according to China Financial Herald, citing a report released by Legg Mason Global Asset Management and Standard Chartered on Tuesday.

Chinese Vice-Premier Sun Chunlan, also a member of the Political Bureau of the Communist Party of China Central Committee, checks the reserves of epidemic prevention materials at Beijing Huiwen Middle School in Beijing, capital of China, June 1, 2020. [Photo/Xinhua]

Chinese authorities have constantly reiterated that "houses are built for living in, not speculation," pledging to step up housing system reform and foster a long-term market mechanism.

Chinese banks' global brand presence continues to consolidate as four Chinese banks led by the Industrial and Commercial Bank of China (ICBC) are named the four most valuable banking brands this year, according to a report by London-based brand valuation consultancy Brand Finance.

Chinese and Pakistani air force personnel sit in a Pakistani fighter after a joint drill in China, Sept 14, 2017. The Chinese and Pakistani air forces have cooperated in planning and implementing strategies, as well as learning operational concepts and tactics from each other through sitting in the same fighter during the ongoing joint drills named "Shaheen VI" from Sept 7 to 27. [Photo/Xinhua]