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"China will adhere to international, legal, and market-based principles to actively and steadily advance the testing of issuance and trading of CDRs," said Li Chao, deputy head of China Securities Regulatory Commission (CSRC), at a forum last Friday.

"China's capital market is warmly embracing new economy enterprises like Ant, which encourages the use of science and innovation to optimize the distribution of social resources," said Pan Zijian, a partner on capital market research at KPMG China.

"China will not change its fundamental relationship with ASEAN countries," she said. "But as the negotiation for the code of conduct continues, it will inevitably touch some sensitive and complex issues, and new conflicts might occur if these issues are not handled properly."

"Chongqing Public Security Bureau is paying great attention to this case and asks Yubei district sub-bureau to set up a team to investigate Li and her husband Tong Xiaohua, chief of Shichuan town police station in Yubei district," said the statement published on Thursday.

"China's economic recovery has become more broad-based" and domestic demand saw "a strong catch-up in October, reaching a level similar to industrial value added and exports," said the think tank in its monthly Recovery Tracker.