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"Chinese consumers have been really receptive to the product and its proposition. The reuse rate is extremely high. We see a robust market there owing to Chinese mothers' preference for safer and more premium baby formulas, the consumption upgrade and the universal second-child policy, that have helped to adopt and grow this new category and lead a new trend," he said.

"China's domestic aircraft will be able to enter the EU market after receiving air airworthiness certificates from the administration, and this will also be the case for Airbus aircraft."

"Compared with large State-owned commercial banks and national joint-stock commercial lenders, city and rural commercial banks, also known as small and medium-sized banks, are weaker in terms of the capital adequacy ratio. They also demonstrated significant regional differences in their interim results. Some of them are financially stable, whereas some are facing major risk exposures," said Michael Hu, PwC China financial services partner.

"Covering not only the healthy groups but also people with mild diseases, the new program aims to better fulfill our mission of protecting hundreds of millions of families and taking on more social responsibility," Shen Peng, founder and CEO of Waterdrop Inc, said at the launch ceremony Wednesday. "With great strength and rich experience, we're confident to fend off the risks of high payout."

"Clearly, we have much to do. Shandong Gold's presence in Toronto will help foster new relationships and better understanding of Chinese investors by Western investors and operators. It will add value to the collaboration our two companies are forging," Krcmarov added.