China is expected to have 20 million new broadband Internet subscribers this year and a total of 250 million subscribers by the end of 2015, the country's top industry regulator said on Friday.

"The nation needs to improve broadband speed. Our aim is to install fiber-to-the-home (FTTH) broadband connections for 35 million families this year," said Industry and Information Technology Minister Miao Wei.

The announcement came after an investigation of two domestic telecom giants over alleged monopolistic practices in November.