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China's M2, a broad measure of the money supply that covers cash in circulation and all deposits, rose 8 percent from a year earlier to 186.74 trillion yuan (.8 trillion) at the end of February, the People's Bank of China reported a few minutes before the news conference. The growth pace slowed from January's 8.4 percent.

China's business finance climate has improved, backed by encouraging policies from both central and local governments according to a Cheung Kong Graduate School of Business professor.

China's Hongbo Group invested 0 million to build a LED lamp factory in that country.

China's central bank governor Zhou Xiaochuan also warned during the meeting that the crypto-assets could result in illegal trading, money laundering and terrorist financing, as well as impact "monetary policy transmission"－the efficiency of monetary policy tools to influence the macroeconomy.

China will intensify innovation-driven development and entrepreneurship, Premier Li Keqiang said on Friday.