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"China is a key and huge market for UBS, and the further opening-up of China's financial sector represents great opportunities for our businesses, including investment banking, wealth management and asset management," UBS said.

"Chairman Engel and Ranking Member Menendez requested that the administration turn over records and information related to the firing of Mr. Linick, information about Stephen J. Akard, whom the State Department has announced will lead the OIG (Office of the Inspector General), and records of all IG investigations involving the Office of the Secretary that were open, pending, or incomplete at the time of Mr. Linick's firing," said the statement.

"China is becoming one of the largest consumer markets in the world, and this huge consumer market is still opening up. On the one hand, China's tax cuts on imported consumer goods are increasing, on the other hand, China's policy continues to encourage cross-border import e-commerce and other new forms of business," Gao Hongbing, president of AliResearch, said.

"China has committed significant reform to its pharmaceutical regulatory review and approval process, protections of intellectual property and timely, predictable and transparent government reimbursement for innovative medicines, and I look forward to discussing ways the global biopharmaceutical industry can work collaboratively to help China realize these historic goals," he said.

"But take a look at the world's leading film studios. Sales of film-related derivatives can contribute up to 70 percent of their annual revenue."