Meanwhile, Premier Li Keqiang said at a press conference Tuesday that China was not afraid of financial risks. The premier also said that China was preparing to provide improved conditions for start-ups and innovation companies.

LI KEQIANG CHINESE PREMIER "China has the ability to resist financial risks and there will be no systematic risks in China thanks to the positiveness in overall economic terms. The Chinese economy has reached 80 trillion yuan and the assets of the banking sector have achieved 250 trillion yuan. So it's impossible to have no risks at all. Actually, I said years ago here that the capital adequacy ratio and Provision Coverage Ratio of China's banks are higher than the international standard. Here I would add that the banks' reserve-deposit ratio was about 15 percent, which means we have over 20 trillion yuan to fight against risks. For the Chinese Internet companies that may have listed overseas, what we plan to do is to improve the relevant conditions on the Chinese mainland for them to return to the A share market. We will also create conditions for high-tech and innovation companies. We need to further develop the Internet-plus model and apply technology to education, healthcare and other services, so that we'll be able to accelerate growth of the digital economy in China."