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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.

Apart from Chinese investment, Lock's firm is looking to host road shows in South Korea and the Middle East later this year to rope in more investors.

Another example was Fosun Pharma's holding subsidiary Shanghai Henlius Biotech Inc's biosimilar version of a popular biologic original for lymphoma treatment by Roche.

Apart from strict law enforcement, the service-oriented government should listen to citizens and make appropriate changes to adjust to new situations, said Yang.

Apart from risk control, "another key principle is to restructure the financial capital investment structure, to guide more sources shifting into high-tech oriented financial services from traditional businesses," an expert who is involved in the regulation's drafting work told China Daily.