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At the end of the event, representatives from all circles of life in Hong Kong read out the "Safeguard Hong Kong" declaration and sang together with participants the chorus Below the Lion Rock, a famous song in Hong Kong representing the hard-working and forward-looking spirit of Hong Kong people.

"To develop further China-California cooperation, we need to further strengthen the role of the existing intergovernmental mechanisms to provide a more effective platform for business communities to engage in cooperation," Zhang suggested.

During the meetings, Xi urged more efforts to promote global governance based on the principle of extensive consultation, joint contribution and shared benefits, safeguard the international system with the UN at the core and the international law as the foundation, preserve the multilateral trade regime with the World Trade Organization at the core and the rules as the foundation, promote multilateralism and free trade, push forward the democratization of international relations, and build an open world economy, Wang said.

Efforts should be made to ensure the accomplishment of the annual goal of tax and fee cuts of nearly 2 trillion yuan (about 291 billion U.S. dollars), and improve the transmission mechanism of monetary policy to reduce financing costs for small and micro firms, Li added.