High velocity helps channel funds into real economy

However, Bi, who is affiliated to the NDRC, China's top economic planner, said the Chinese economy will mark growth of over 7.5 percent this year, meeting the government target.

"Following the recent volatility in the interbank market, there have been talks that the Chinese government has become unprecedentedly tolerant with a slower economy. I do not agree with that," said Bi.

"The government has the ability and resources to meet the growth target and it will," said Bi.

Bi said the Chines government is intentionally pushing ahead with the reform, and the data in the first half was not that bad.

If the weak momentum continues, the government can launch some measures to propel the economy a little bit, and then China can meet the growth target without difficulty, said Bi.

The 5th China International Assets Management Conference opened in Hangzhou, capital of east China's Zhejiang province, on Saturday, drawing more than 600 experts and business delegates from the finance circle.