Essentially palm-sized figurines, the toys are individually packaged into opaque poly bags and sold separately.

The proposed revision of the export control measures under Japan's Foreign Exchange and Foreign Trade Law is too broad in scope and unclear and opaque in provisions, with many items to be regulated going far beyond the scope of conventional control, said a spokesperson with the CCPIT.

Industry problems such as fake advertisements and opaque pricing are hindering the development of the sector.

With the policies gradually benefiting more places, the used car market will get rid of opaque information and unregulated market rules, Luo said.

Central bank governor Yi Gang attributed private companies' financing difficulties to the waning risk appetite of financial institutions, as the country's debt-control campaign since mid-2017 has tamed some opaque financing activities.

An effective way to engage in private investment to help local development, public-private partnership projects have been used by some governments as an opaque means to borrow from banks, which has added to the already troublesome pileup of local government debt and increased China's overall financial risks.

The bloated balance sheets of big financial holding groups have drawn the attention of Chinese financial regulators, who warned that could foster risks because of fake capital injection and connected transactions between different internal business sectors, under the complicated and opaque shareholding structure.

The shareholding structures of many big financial holding companies are complex and opaque, according to a previous report by China Daily.

In addition, Chinese financial regulators have been concerned about risky and opaque practices of financial holding companies, such as excessive borrowing and high capital leverage, as they could lead to wider systemic financial risks that could hurt the overall economy.

China's financial regulators are mulling new rules to regulate the nation's financial holding companies to curb risks originating from their risky and opaque operations.

Many of the big financial holding companies have complex and opaque shareholding structures and are believed to have conducted risky practices such as excessive borrowing and high capital leverage.

The new shareholding regulation of the country's insurers was seen as a critical document to eradicate acute risks associated with the opaque and complicated ownership structure of insurers and their illegal fund management, analysts said.

The opaque segments, with many investment products amid a regulatory void, have been seen as key sources of risk to the banking system.