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Investors holding blue chip stocks and shares of large-cap companies are well placed, he said. "Such shares were undervalued and now the valuations of the companies are starting to return to a reasonable level."

Insurers are permitted to use their securities investment funds - which are controlled by qualified fund managers - to buy Hong Kong stocks, the China Insurance Regulatory Commission (CIRC) said in an online statement.

Iowa's coveted position as the first-in-the-nation presidential nominating contest faces its most daunting challenge in light of problems that kept the state Democratic Party from reporting results.

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Investors are also bullish. VIPKID netted financing from both China and abroad. In August, VIPKID finished its series D financing and received investment totaling 0 million, the largest financing globally for the K-12 online education sector.

International crude oil prices slumped in recent days, leading to the cuts. The NDRC predicted that short-term oil prices will be affected by gloomy economic outlook and potential extension in output reduction by OPEC.

Internet technologies also help issuing wages to employees more efficiently, which helps prevent corruption, he said. "My cellphone can make me understand tax situation in real time," he said.

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Investment, consumption and export demand remained steady. Retail sales rose 8.5 percent in May from a year earlier. China's fixed asset investment grew by 6.1 percent on a yearly basis through to May this year. Total imports and exports rose 8.6 percent in May from a year earlier, with a 1.5 percentage points increase in growth speed monthly.

Instead of aiming to create an ongoing company, most Silicon Valley entrepreneurs now aspire to being bought out by one of the big guys.

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International travel technology service provider Amadeus said it believes that rail travel will play an even greater role in supplementing and complementing the wider travel industry in China－as well as other parts of the globe.

Insurance companies should comply with laws and regulations in developing new products; the CIRC should strengthen its oversight and take timely actions to rectify wrong practices; and consumers should be more alert, he said.