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The report cited statistics from the Supreme People's Court, China's top court, showing that 97.8 percent of courts supported online case filing in 2019, which means litigants could initiate lawsuits from almost anywhere via internet access instead of having to go to a court.

The regulatory efforts proved to be effective in containing short-term speculative purchase of housing.

The region is one of the most attractive hubs for digital professionals in China, as it outperforms Beijing and Wuhan in digital talent inflow, according to a joint survey released Saturday by Tsinghua University and LinkedIn China based on the company's samples of 439,000 high-level talents and 118,000 talents working in the information and communication technology (ICT) sector in the area.

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The report states the government will make major improvements to the environment for the private sector, encouraging, supporting and guiding its development.

The report also said similar to the first half of 2018, the number of PE/VC deals involving startups was the biggest among all categories in the second half, while companies in the expansionary period received the largest investment in terms of deal value. Investors adopted a strategy to avoid risks by mainly investing in mature projects that had survived market competition and were in stable development.

The report estimated that mining, mid-and-high-level manufacturing, accommodation and dining, real estate, scientific research and technological services might be popular investment targets.

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The remarkable growth is attributable to greater cash demand in the manufacturing sector as it battle the effects of the coronavirus pandemic earlier this year, combined with the recovery of the sector since the second quarter and efforts to expand the availability of capital to support the sector, said Wang Yirong, deputy director of the statistics and analysis department of the bank branch.

The report showed "unicorns" continued to rise in cities such as Beijing, Shanghai, Hangzhou and Shenzhen which stand at the forefront in the country in terms of manufacture industry, talents, policies and infrastructure.

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The regulation demonstrates the key points of the official selection and appointment inspections, mandates to build a working mechanism of supervision and inspection, and orders a pre-service report of certain issues on cadre selection and appointment.

The report also said outbound travelers spent an average 8.5 days on vacation during the national holiday. Nearly 60 percent of Chinese travelers chose tour packages of six to nine days to enjoy their break with family members.