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The bank is also taking action to develop its competitive advantage in emerging business, such as offering financial and other services related to home leasing, which is believed to have great development potential due to China's urbanization and regulatory tightening to cool the housing market.

The benchmark Shanghai Composite Index fell by 1.41 percent to close at 2867.84 points, while the smaller Shenzhen Component Index ended 1.42 percent lower at 9136.46 points.

The ban has fueled uncertainty surrounding domesticated wild animals including bamboo rats, bullfrogs and tortoises, which have been bred on a massive scale for consumption.

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The ban will be expanded to all the natural waterways of the river and its major tributaries from no later than Jan 1.

The auto dealer inventory alert index fell to 52.8 percent last month, illustrating a reduction in auto dealer inventory and an increase in market demand, according the China Automobile Dealers Association.

The bicycle industry has found a driving force for new profits in producing electric bicycles, exploring niche markets, and improving intelligent and network connecting levels, Economic Daily reported Monday.

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The bank's net interest margin dropped by 5 basis points year-on-year to 2.26 percent in 2019 and may continue to fall about 10 basis points this year, as deposit costs rise for banks amid lending rate cuts, said Xu Yiming, chief financial officer of CCB.

The authority attributed the strong tax revenue growth primarily to steady and sound economic growth during the period thanks to the effects of the country's macroeconomic policies.

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The basic industries registered new trust investment worth nearly 140 billion yuan in the third quarter, up over 60 percent year-on-year.

The ban "is to protect the financial technology sector and investors with strong regulations, and stop illegal fundraising," Huang added. "It will help both startup owners and investors to stay away from irrational investment behavior."