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"Chinese students used to learn English through reading passages and practicing grammar. We want to innovate this learning mode by establishing this brand-new system," said Yin Xu, a head responsible for the primary school products of Xueersi English.

"Considering that the regulator has significantly shortened the process of granting preparatory approvals to Bank of China Ltd and China Construction Bank Corp, and that many banks - especially large ones - have almost completed the preparatory work in terms of organizational frameworks, operating systems and staffing, the first batch of wealth management subsidiaries are expected to be formally established around the middle of this year," said Yang Yu, an analyst at the Shanghai-headquartered Hwabao Securities Co Ltd, in a research note.

"China will further open up its market, we open our arms to embrace foreign businesses that will invest in China," Li said while visiting a wholly owned subsidiary of Germany's Bosch Group in Changsha, capital of Hunan province.

"Currently, the ratio of the company's premium income between motor insurance and non-motor insurance is approximately six to four," Sa said. "In the future, the industry will see a balanced development among these two types of insurance."

"Currently, there are 144 comprehensive bonded zones," said Chen Zhenchong, a leading official in charge of the customs body, adding the zones are of the highest level of openness, with the most favorable policies, complete functions and simplified procedures in China.