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Industry insiders and experts, however, suggested that the shortfalls need to be addressed. Paul Romer, co-recipient of the 2018 Noble Memorial Prize in Economic Sciences, said during the Lujiazui Forum that there is still much work that China needs to explore the social value of equity financing. That will make a big difference to China's financial opening-up.

India's Junior Minister for Commerce Chhotu Ram Chaudhary said India has relaxed several laws and regulations under its Make in India initiative to attract investments.

Industrial output rose by 6.3 percent year-on-year in June, beating general market expectations, compared with 5 percent in the previous month, the NBS said. But in the first half, industrial output growth dropped to 6 percent, down from 6.5 percent in the first quarter.

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In the world today, economic globalization is surging forward, but risks and uncertainties are also increasingly emerging. Global economic growth is overshadowed by the specter of protectionism and unilateralism. President Xi Jinping noted that all countries are in the same boat, and that no country can address alone the many challenges facing humanity. Neither can any country afford to retreat into self-isolation. We hope that media from China and Portugal can proactively convey the message of building a community with a shared future for mankind, be determined and confident in cooperation and opening up, jointly cope with the risks and challenges, and coordinate and support one another when it comes to important regional and global issues, allowing their voices to be jointly heard. We hope that media from China and Portugal can encourage support for the joint building of an innovative, inclusive, open world economy, demonstrating the two countries' common determination to safeguard multilateralism and free trade while opposing unilateralism and protectionism, and introducing the correct path of inclusiveness, mutual benefits and win-win cooperation to the world. We sincerely hope that media from both China and Portugal can highlight good stories about international cooperation in relation to the construction of the Belt and Road Initiative, which involve progress and achievements made during the process of promoting trade and economic cooperation and synergizing development strategies under the Belt and Road framework. We also hope that media will provide more coverage of the Belt and Road Initiative, through which China shares opportunities and pursues common development with the rest of the world, helping the public to learn about and generate support for international cooperation via the Belt and Road.

Industry insiders expect policymakers will continue to open up the sector, after the country's top banking regulator issued a statement last week clarifying the rules on overseas bank investment.

Influenced by the positive sentiments after the lender announced the plan for listing in Shanghai, share price went up 3 percent on Wednesday to HK.8 (0.61 cents).

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Indian President Pranab Mukherjee held a yoga session at the presidential palace and several members of Modi's cabinet joined similar events across the country.

Infrastructure financing demand alone will amount to trillion in the next five years, Hong said at a recent forum.

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In this sense, the delisting process also needs to be improved, as it will result in more delisting cases, he said. In the meantime, a credit track record should be kept for intermediary institutions such as sponsors, accounting firms and law firms to create a better overall business environment, said Zhu.

Inclusive finance refers to financial services offered to small businesses, low-income households and rural residents, who are often overlooked by the large financial institutions.