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Wang also reiterated China's stance on Hong Kong. The Hong Kong affairs are China's internal affairs, he stressed, noting the Chinese central government will adhere to the principles of "one country, two systems" and "Hong Kong people governing Hong Kong" with a high degree of autonomy.

Consequently, foreign investment programs that are not on the negative list can be filed immediately.

The statement also highlighted other economic efforts including ensuring workers' reemployment amid China's economic revamping, deepening reform of state-owned enterprises, and attracting more foreign investment by opening China further.

According to him, some power delegation measures were not fully implemented. Unfair law enforcement, arbitrary inspections and inadequate supervision revealed loopholes in market regulation.

In terms of developing innovative science and technology, Hong Kong has quite a number of advantages and is facing rare opportunities, Zhang said.