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"Chinese customers like new products," Harris said.

"China's wealth management industry will embrace a historical transition of business models and a comprehensive restructuring of its ecosystem. The establishment of ABC Wealth Management is an important measure taken by the Agricultural Bank of China to carry out supply-side structural reform in the financial sector, further implement new regulations on the asset management industry, push for high-quality development of the real economy, and actively tackle changes in the wealth management industry," said Zhou Mubing, chairman of Agricultural Bank of China, the country's third largest commercial lender by assets.

"China's rare-earth export quota didn't have the desired effect on the importing countries, especially Western countries, because smuggling of rare earths was rampant and some export companies falsified customs codes to evade the export quota and continued to export them to other countries," Jin Baisong, a retired researcher at the Chinese Academy of International Trade and Economic Cooperation, said in an article published on China Daily's website.

"Currently, landlords could arbitrarily terminate rental contracts citing almost any plausible excuse, which breaches tenants' legal rights," said Quan Li, founder of apartment-leasing service Fangdongdong. "Mobilizing technology to gauge people's credibility tackles that problem."

"Considering economic fundamentals and the market's low valuations, the Chinese stock market has become a good choice for long-term investments. With the unveiling of major reform policies, including detailed rules of the science and innovation board, market sentiment will increase gradually," Xue said.