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As an important means to reduce SOE leverage, debt-to-equity swaps have been accelerated, allowing companies with long-term potential to exchange their debt for stocks, SASAC said.

As founding members, ICBC and the other 27 banks drafted the PRI after a yearlong discussion process, and they are now inviting other banks to join. The 28 founding banks come from both developing and developed economies, including the likes of France's BNP Paribas, the Netherlands' ING, South Africa's Standard Bank and the Kenya Commercial Bank.

As both countries are United Nations Security Council members and influential in the global community, they should strengthen coordination to shoulder the common responsibilities for upholding multilateralism and the purposes and principles of the UN Charter in the face of an uncertain and instable international situation, Wang said.

As a measure of government intervention, Bovis said, "The anti-mask law appears to be necessary to maintain law and order in a system which has not experienced such levels of unrest." And "it is not unreasonable to justify the principle of transparency and accountability during the exercise of the freedom to protest and demonstrate".

As a landmark policy of Japanese Prime Minister Shinzo Abe's administration, free education has been viewed as the pillar of his drive to stem the country's falling birthrate.