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China will lift foreign ownership limits on securities, fund management and futures companies by the end of this year, a year ahead of the schedule, said the State Council's Office of Financial Stability and Development Committee last year when it announced 11 measures to further expand the financial sector's opening-up. The central government also allowed foreign asset managers to partner with subsidiaries of Chinese banks or insurers to establish foreign-controlled asset management companies.

China will continue to treat domestic and foreign-funded enterprises equally, constantly optimize the business environment, encourage fair competition and cooperation, and achieve mutual benefit and win-win results, Li said.

China's capital has instituted nucleic acid testing for returnees from Wuhan, the city in Central China’s Hubei province hard-hit by COVID-19 and in the past five days, all results have been negative, according to Gao Xiaojun, spokesman for the Beijing Municipal Health Commission, on Tuesday.

China will stay committed to boosting innovation. Much can be accomplished in China given its huge market, strong supporting industries and abundant human resources. We will foster a more enabling eco-system to spur innovation, intensify support for basic research and applied basic research, encourage corporate R&D spending, and improve incentives for researchers and policies for the commercialization of innovation outcomes. We will facilitate integrated innovation and synergized development of companies of different sizes, industries, universities, research institutes and end users in both online and offline activities.

China's average per capita disposable income stood at 25,974 yuan last year, up 7.3 percent year-on-year, faster than GDP growth, NBS data showed.