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"China still has sufficient policy tools to handle possible shocks," Zhang said at the China Finance 40 Qujiang Forum in Xi'an, Shaanxi province, on Saturday.

"China's banking industry is facing a reshuffle. This is even more so for small city commercial lenders and small rural commercial lenders," he said.

"Currently there's more cooperation instead of fierce competition in the emerging big-data industry, "Han said: "Grasping that opportunity, the national lab and our research center will introduce big-data circulation standards and encourage enterprises to run big-data business according to the standards. Thus, we will embrace a better competition environment in the future."

"Combining 5G, the foldable screen, artificial intelligence and a brand-new interface, we hope that Mate X will be the first key for consumers to open the door to 5G smart living," he said.

"Copyright, trademark and trade secret protections are critical to an innovative society, and I think the Foreign Investment Law tries to address that," he said.