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Annual CPI growth this year will be well below the official target of around 3 percent against the backdrop of subdued consumer demand, and prudent and neutral monetary policy, BOCOM predicted.

Ant is also involved in shaping China's digital currency architecture, according to the filings, which stated it is "one of a number of powerful commercial institutions" that the People's Bank of China, the central bank, summoned in late 2017 to develop the digital currency system.

Another central government policy, giving Hong Kong and Macao people equal access to the mainland's housing fund, has also been implemented in Qianhai, Shenzhen, according to Witman Hung Wai-man, a Hong Kong deputy to the 13th National People's Congress.

Anwar Alabdulla, Bahrain's ambassador to China (left), and Leela Mani Paudyal, Nepal's ambassador to China, interact with children in Guyuanxiang community in Urumqi, Xinjiang Uygur autonomous region, on Aug 19. [SUN SHAOXIONG/XINHUA]

Another star that has transcended the "boring" classification is China Molybdenum Co, which at one point focused on a metal used to toughen steel, but now enjoys a new-economy style valuation, thanks to its holdings of cobalt, which is essential for electric vehicles.