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And 17 out of 19 products of Greenwoods Asset Management suffered losses. One fund product managed by the company's founder Jiang Jinzhi even had a 17.2 percent loss.

An unemployment insurance program has enabled more than 3 million enterprises to enjoy a total refunding of 38.8 billion yuan (.48 billion), benefiting nearly 81 million employees around the country, according to Lu.

Analysts expect that the industry will continue the upward trend this year, thanks to support policies from the government and robust demand for health insurance and endowment insurance products.

Andrey Denisov, Russian ambassador to China, who also addressed the event, said many Russian tourists, including himself, have been to Hainan, and the province tops the most preferred tourist destination among Russian tourists.

Analysts say commercial space activity could help lower costs and increase the efficiency of space activities, and accelerate technology development.