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"Considering that the regulator has significantly shortened the process of granting preparatory approvals to Bank of China Ltd and China Construction Bank Corp, and that many banks - especially large ones - have almost completed the preparatory work in terms of organizational frameworks, operating systems and staffing, the first batch of wealth management subsidiaries are expected to be formally established around the middle of this year," said Yang Yu, an analyst at the Shanghai-headquartered Hwabao Securities Co Ltd, in a research note.

"China's financial and asset management markets are full of vitality and opportunity. As individual investors' demand for wealth management keeps growing and regulatory authorities continue to introduce proactive and open policies, the markets will be provided even bigger boosts," Lin noted.

"Curiosity has not determined the source of the organic molecules," said Jen Eigenbrode of NASA's Goddard Space Flight Center who is lead author of one of the two new Science papers.

"China represents one of the largest opportunities in the world for many of our clients and for JPMorgan Chase," said Daniel Pinto, co-president & co-chief operating officer of JPMorgan Chase and CEO of the Corporate & Investment Bank. "It is a critical component of our growth plans, both globally and in Asia-Pacific. Our scale and global capabilities give us a unique ability to help Chinese companies grow internationally and also bring foreign investment and capital to China."

"Cramming in the subway and sitting all day in a cubicle is not the life I wanted," said Jiao Qi, 30, who had a white-collar job in Shanghai.