Amid steady economic operations and sustained external demand, central SOEs' first-half profit surge came on the back of their breakthroughs in core technologies and in building modern industrial chains, ably supported by an expanding global presence, especially in economies participating in the Belt and Road Initiative, the SASAC said in a statement.

Programs like QDLP, wealth products showcase merits of win-win approachA little recognized and probably unappreciated fact about China's remarkable reform and opening-up policy of the last 40-odd years, piloted ably by the Communist Party of China (CPC), is there is more to it than attracting foreign investments and technologies to stoke development in China, investors, economists and researchers said.

Yi also applauded Shanghai for its leading position nationwide in terms of research and innovation in financial technologies, ably demonstrated by the companies and institutions.

"We have a very good team ably led by President Jin Liqun.