China is preparing a package of preferential policies to further facilitate free trade and investment, and relax market access for foreign investors in China's southern Hainan Free Trade Port, offering huge growth opportunities for global stakeholders, officials and experts said on Monday.

Chinese authorities plan to turn Ant Group into a financial holding company whose financial activities are put under stricter regulatory supervision in a move related to a monthlong antitrust probe.

By not setting specific economic targets for the next five years, China has unleashed greater flexibility to achieve sustainable growth and meet its carbon reduction goals, a UN official said.