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Another highlight of the agenda was the EU's new strategy for connecting Europe and Asia. "There is huge potential in trade and business, transport and digital connectivity in particular," Telicka said, urging the EU to strengthen all-round comprehensive collaboration with Asian countries to unleash the potential, especially with China, one of the biggest economies and most important global partners for the EU.

Apart from a series of reform measures already released, the CSRC is stepping up efforts to form an action plan to improve the quality of listed firms.

Apart from performance, Chinese brands have also optimized their after-sales services. Redmi, a sub-brand of Xiaomi, was the first in the industry to offer an 18-month guarantee. Insiders said that this reflected the brand’s confidence in its products, which would help it gain more customers.

Ant Financial Services Group has appointed Simon Hu, former head of Alibaba Cloud, as its president, the latest follow-up in Alibaba’s organizational restructuring announced three days ago.

Another five, working as agents of the betting website, were arrested in different places including Chongqing municipality, and the provinces of Zhejiang, Hubei, and Guangdong.