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The narrower measure of money supply M1, which covers cash in circulation plus demand deposits, rose 15 percent year-on-year to 54.3 trillion yuan at the end of January. The growth rate was 3.2 percentage points higher than a month earlier.

The move came as media outlet Caixin reported on Monday that the leading work group for risk prevention in Internet finance had issued a notice asking local authorities to conduct thorough inspections of ICOs and halt new coin issuance.

The move came after Wuhan, capital of Hubei province and the hardest-hit area by the COVID-19 outbreak on the Chinese mainland, lifted lockdown on Wednesday.

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The move is part of Huawei's broad strategy to differentiate its smartphones from those of competitors as handsets now look and work increasingly the same way.

The move by South Korea on Wednesday follows similar actions from Japan on Aug 28, when it removed South Korea from its "white list" of preferential trading partners.

The move is planned to help Nestle better reach Chinese consumers, by meeting their demands in the areas of special medical purposes and skin care products.

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The move is in line with MediaTek's latest shift in focus to the mid-tier market rather than on the expensive premium end, which the company has been catering for with its Helio X series.

The move is under the central bank's macro prudential regulatory framework, to ease exchange market vulnerabilities, other than a government intervention measure or capital control, according to a central bank spokesperson.

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The nation's transportation management authority is working to improve the marketing and management of cruise ship tickets to offer better protection to passengers.

The move is one of the nation's concrete steps to further facilitate global trade and investment, and concentrated efforts are needed to make this vision a reality, said Wei Jianguo, a former vice-minister of commerce.