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"Companies' managerial loopholes in cross-border finance often lead to financial risks, and courts shall identify problems in concrete cases and publicize them through suggestions and white papers to prevent future damage," said Mao Ronghua, vice-president of Shanghai High People's Court.

"Currently, liquidity conditions in China are loose, and the country has lowered interest rates to help revive the economy. Under the present circumstances, the rally in the stock and housing markets will cause some investors to seek funds from banks by violating laws and regulations to invest in these markets, in the hope of making huge profits from speculation," Lian said.

"China's determination to further open itself to outside investment shows that China will be an open economy and has more confidence in international markets," he said.

"China stands ready to work with all parties together to promote open, linked, cooperative and green developments, and release positive signals to firmly support multilateralism, and join hands in building an open world economy, fostering a global partnership with interconnectivity and promote global development," Yang said.

"China's smartphone market is declining because consumers are holding on to their phones for longer, operators like China Mobile have reduced their smartphone subsidies, and device makers such as Huawei have launched fewer 'wow' models to tempt shoppers back into retail stores. Some consumers are finding their smartphones 'good enough' and are pausing on upgrading," Neil Mawston, executive director at Boston-based Strategy Analytics, said in an email.