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The Belt and Road Initiative is another key area for the global lender.

The COVID-19 pandemic has brought "significant challenges" to the cross-border merger and acquisition activities of Chinese businesses although new opportunities have likewise emerged for investors, officials at leading law firms said.

The Belt and Road Initiative, proposed by China in 2013, comprises the Silk Road Economic Belt and the 21st Century Maritime Silk Road, aiming at building a trade, investment and infrastructure network connecting Asia with other parts of the world along the ancient Silk Road trade routes and beyond.

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The BRI is not just about buildings, roads, bridges and other infrastructure projects. China is also providing capital and technology to Africa and the world at large as it advances its BRI strategy.

The Beijing-headquartered national energy behemoth said in a statement that the process was being supervised by a specific team within the corporation, which had set forward areas of responsibility, as well as an operational program and schedule.

The CBIRC urged banking institutions to increase loan-loss provisions, consolidate their capital strength and realize steady operation, to improve their risk resistance capacity.

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The CIIE, to be held on Nov 5-10, will cover a total exhibition area of over 240,000 square meters, with eight exhibition areas, including one for country pavilion, six for trade in goods and one for trade in service.

The Belt and Road Initiative also aims to link the economies of dozens of countries, propelling growth.

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The CSRC chief encouraged financial institutions to delegate the right of loan approval to lower levels as long as financial risks are under control.

The Beijing Winter Olympic village also boasts convenient transportation, being about 2km away from the National Stadium, the curling venue National Aquatic Center or the "Ice Cube" and the National Indoor Stadium, about 4km away from the National Speed Skating Hall, and more than 20km away from the newly built Shougang ski jumping platform. Athletes can take a shuttle bus from the Winter Olympic village to the venue quickly. During the games, the Beijing Winter Olympic Village will also be covered by 5G service.