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As of the end of March, the bank's total assets reached 8.7 trillion yuan, up 3.93 percent from the start of the year, while its outstanding loans edged up 5.87 percent to 4.3 trillion yuan.

As individuals with significant wealth in China are entering their mid-50s and seeking services for the maintenance of their family's wealth, the business of family offices has a great deal of growth potential in the next decade, according to a report released on Wednesday.

As part of its broader push to build a vibrant ecosystem, Huawei also announced that it will invest .5 billion to help cultivate five million more third-party software and hardware developers on its computing platform over the next five years, up from the current number of 1.3 million.

As of July 3, 65 foreign embassies in China have accepted invitations to the forum, and 44 ambassadors will attend the opening ceremony. Over 70 think tank scholars from 23 countries will speak at the forum, and 270 researchers and practitioners in the field of international relations will be present at the event.

As part of the country's new energy vehicle program, many local authorities and companies are showing great enthusiasm for the segment entitled to central government subsidies.