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Local government agencies must timely address financial services-related problems that foreign-funded companies face and promote cooperation between foreign-funded companies and financial institutions, the circular added.

The "one integrated license," combining the previously-needed multiple licenses, can significantly reduce the cost of industry access and foster a world-class business environment, the State Council said.

"COVID-19 vaccines, when developed and deployed in China, will be made a global public good. This will be China's contribution to ensuring vaccine accessibility and affordability," he said.

Wang also stressed efforts to leverage the SOEs' strengths to forge emerging industrial chains, improve innovation mechanisms, and deepen enterprise reforms to stimulate the innovation vitality of scientific and technological talents.

Han made the comments on Tuesday while chairing a meeting on promoting the development of the belt. He called for unswerving adherence to new development philosophies, sticking to target-oriented and problem-oriented principles, and focusing on major tasks, such as pollution treatment and the implementation of a 10-year fishing ban along the Yangtze.