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Ant Forest, a Chinese green initiative, has won the United Nations' highest environmental honor.

Another industry leader Goldman Sachs also announced on Friday the CSRC has approved its increased stake in Goldman Sachs Gao Hua Securities Company Limited to 51 percent. Prior to that, the US investment bank held 33 percent in the joint venture.

Announced at a press conference, it shows one aspect the country has achieved in accelerating the construction of the social credit system.

Aoqian Taiwan Town, which opened in June 2014, is a duty-free commodity market tailored specifically for businesses from Taiwan. As of March it had attracted 270 tenants from Taiwan to open stores, with goods worth 3.3 billion yuan (2 million) imported from Taiwan.

Apart from expanding their presence in countries such as Turkey, the Philippines, Indonesia and Malaysia, terrorists are also moving into the virtual realm by spreading propaganda, attracting recruits and financing their operations via social media and the darknet, Wang said. Darknet refers to a computer network with restricted access used primarily for illegal purposes.