Niu Yibing, vice-minister of the CAC stated in a news conference the agency was supportive of the sector's healthy development and while implementing rules, intends to create a "healthy, get-to-the-top, can-do entrepreneurial atmosphere," the report said.

Also Read: Alibaba, Other Hong Kong Stocks Show Optimism In Early Trade Even As Analysts Downgrade China Growth Projections

Didi’s Case: There is no final word on the issue of Chinese ride-hailing giant Didi Global Inc (OTC:DIDIY), which was the subject of a CAC-led investigation that forced the ride-hailing firm to delist from New York within a year of its debut, Reuters noted.

Sun Weimin, head of the regulator's cybersecurity coordination bureau, said CAC was supervising Didi's rectification work, and that it would continue to work to remove hidden security risks and punish any behaviour that put national security or data security at risk, according to the report.