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China will soon release a national regulation on improving the country's business climate by establishing a fundamental framework of rules to provide institutional safeguards for investment and business operations by all types of market players, domestic and foreign.

China's centrally administered SOEs, supervised by the SASAC, on Monday reported double-digit growth in business revenues and profits in 2017. They gained a total of 1.4 trillion yuan (6.8 billion) in profit, up 15.2 percent year-on-year. Total revenue of the centrally administered SOEs rose 13.3 percent year-on-year to 26.4 trillion yuan in 2017.

China will gradually inject the capital it has pledged to invest in the bank based on its rules of operation, he added.

China's announcement that it will scrap foreign ownership caps on local auto companies by 2022 and remove restrictions on new-energy vehicle ventures this year is expected to be a game changer for the industry.

China will continue to take necessary measures to safeguard the legitimate rights and interests of its companies, according to the ministry.