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Arbitrage from issuing bonds and then buying structured deposits have started becoming attractive since the second quarter, as the market-oriented bond financing costs have become much lower than those of the banks' financial products, pushing the PBOC to implement targeted measures instead of broadly cutting the policy rates, Li said.

As Chinese laws are usually general and sometimes lack details, the top court can issue judicial interpretations on certain legislation to give judges a clear guide in handling particular cases.

Around 76.9 million tonnes of refined oil was consumed in the first quarter of 2019, up 0.4 percent year-on-year, according to the data of the National Development and Reform Commission (NDRC).

Around 160 speakers from over 100 international organizations, universities, research institutions and global think tanks from some 20 countries and regions are expected to attend.

As China has gradually taken the lead in consumer internet and mobile internet, domestic internet giants and venture capital funds have also been investing abroad and adopting business models that have proven to be successful in China over the recent years, Tian added.