It is not yet the right time now to buy banking stocks as banks are expected to bear some cost of the restructuring SOEs, analysts said.
One of the biggest challenges it faced was the redeployment of an estimated 22,000 employees who used to be engaged in its core steel-making activities.
China has developed a multilayered financial system with more diversity and sophistication, but new business models bring about rising risks, a senior central bank official warned on Sunday.
Lower headline credit growth, still strong overall credit impulse
Booming Chinese robotics industry a good sign
New age, new balance and new breakthroughs
Is China running out of policy options?
Hello Huawei, Xiaomi, bye-bye big brands
Opening-up the service sector key for reform
Market economy status not a bilateral negotiation
Profit growth at China's major industrial firms slowed sharply in April, adding to concerns about growing downward pressure on the economy.
Domenico Oliveri, chief executive officer of Fendi Timepieces, a spin-out watch firm of Italian luxury fashion house Fendi SRL, is bullish about the luxury market in China.
Leading European economists have urged the European Union not to go overboard on protectionist measures against China's competitive steel exports.
Despite the challenges posed by the limits of current battery technology, Chinese carmakers remain persistent in exploring ways to expand their businesses into the fast-growing new-energy vehicle market.
Plans have been unveiled for a groundbreaking virtual-reality theme park where visitors can find themselves immersed in a world living with aliens, riding UFOs and fighting dragons.