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Anta said in an earlier statement that the company is looking forward to collaborating with international brands.

Apart from policies to reduce taxes and fees unveiled at the beginning of the year, China has announced more policies to support the real economy and technological innovation, which will help reduce enterprises' burden by more than 1.3 trillion yuan this year, Liu said.

Another opposition leader, Jagmeet Singh, of the Canada New Democratic Party, joined by trade critics Karine Trudel and Tracey Ramsey, argued that Canada seems to have gotten a new but worse deal.

Another ratings firm, China Lianhe Credit Rating Co, was warned by the association last year due to a lack of quality control in the ratings process, according to NAFMII's website.

Ant's services use big data analysis to pinpoint needs and automatically evaluate risks before giving out loans. Bad loan ratio of its Jiebei online small loan service stands below 1 percent, which is significantly lower than the 30 to 50 percent industry average, she said.