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China encourages and supports its enterprises to invest in Uganda, and also hopes that Uganda will help Chinese companies to resolve difficulties encountered in cooperation, said Zhang.

It was the first time that Xi had presided over the BRICS summit and the third time for him to chair major international events in a year, following the G20 Hangzhou Summit and the Belt and Road Forum for International Cooperation in Beijing.

And Xi, addressing an informal meeting of BRICS leaders before the G20 summit in the German port city of Hamburg in July, urged the five member countries to unswervingly promote the building of an open world economy, multilateralism and common development.

On the situation in the Korean Peninsula, Xi said his country is committed to denuclearizing the Korean Peninsula, promoting peace and stability there, and settling the problem through dialogues and consultation.

Given a fragmented and segmentary system might leave blind spots in supervision and lead to financial arbitrage, the introduction of the committee will help improve the effectiveness of regulation and address regulation challenges brought by increasingly mixed financial services, Lian said.