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Andresen said China's ambition to catch up with the world's best is encouraging but will require time and long-term commitment.

Analysts said that Chinese banks, especially small and medium-sized lenders, are under great pressure because they are less capable of bearing risk when facing economic downsides. They also face higher standards of regulatory metrics, especially regarding nonperforming loan and capital adequacy ratios.

Analysts said instead of a simple easing of financial regulations, measures may be more targeted, though some policymakers have realized that the earlier deleveraging campaign might have hurt the private sector to some extent.

An online register of medical services in China has been launched to strengthen supervision and enhance public convenience, the country's top health authority announced at a news conference on Wednesday.

And this year, right before the Lunar New Year, Meng introduced a resolution that urged the House of Representatives to officially recognize the holiday.