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Apart from soccer, Wanda has also stepped into other areas to promote the development of the whole sports industry. As one of the world's largest sports companies, it is an exclusive business partner with more than 10 world sports organizations, including FIFA and FIBA－the International Basketball Federation.

Anthony Tan, Group CEO and co-founder of Grab, said the new capital would also be used to accelerate the application of its GrabPay mobile payment service in Southeast Asia.

Another key indicator of financing activity－aggregate social financing－rose by 10.7 percent in March, the highest rate since September 2018 and higher than the previous peak of 10.42 percent in January, it said.

Apart from the task of assisting all kinds of companies with their funding demand through the multi-level capital market, the country's securities regulator has also been on the lookout for market risks, rolling out measures to strengthen regulation and risk control.

Apart from covering a wider range of areas, the new round of self-initiated opening-up focused more on institutional changes, according to Long Guoqiang, deputy head of the Development Research Center of the State Council.