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"For as long as I've been dealing with China, we have been working to get better access to products, so we are now able to do wholesale and it gives us again more opportunities to participate in the market," he said.

"For asset management companies including banks' wealth management subsidiaries, the core competence of the asset management industry is the power of leveraging data and human talent successfully, which is also a necessary condition for generating a continuous return on investment for investors," said Zhang Xuyang, chairman of Everbright Wealth Management Co, a wholly owned subsidiary of China Everbright Bank.

"First, incomes need to grow faster. Second, household consumption is rising and demand for high-quality goods and services is growing. However, there is still insufficient domestically made high-end products and services to meet demand."

"For medicines treating rare diseases, AIDS and cancers, we will accelerate the administrative approvals to shorten the time by one or two years for them to be sold in the Chinese market and meet the demands of Chinese patients," Jiao said.

"Firms in the private sector and small and medium-sized enterprises saw growing vitality," said the official.