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"For the next step, (the regulation) will be based on combining the balance sheets of subsidiaries, and to introduce specific regulatory rules on the capital adequacy level," the PBOC said in a statement.

"Financial regulations used to be fragmented and often failed to catch up with financial market development. The Political Bureau meeting has urged it be strengthened, and I think it will become more coordinated and efficient," Gao said.

"For many years China was not aware of the illegal trade in totoaba bladders," said WildAid CEO Peter Knights. "But when alerted, they stopped open trade and now they are taking down smuggling rings. Let’s hope their decisive action can help the remaining vaquita porpoises that are literally on the brink of extinction."

"Given its size and importance to the global economy, China remains a top investment destination for British businesses already in-market," it said.

"Given the fact that the auto industry is moving very quickly towards high-level automation, a higher level of shared mobility and electrification, this is a very important aspect because that's where a lot of the innovation will occur."