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China needs to first clarify different responsibilities between central and local level regulators, and local governments need to be given more freedom to oversee innovative financial products, according to Yang.

China will celebrate its fourth annual National Science and Technology Workers' Day on May 30, with a greater emphasis on medical personnel, post-epidemic economic recovery and global collaboration, officials said on Tuesday. 

China set up its first FTZ in Shanghai in 2013 to attract more foreign investment and promote trade and regional integration. Since then, the country has added 20 zones, including those in such diverse areas as the coastal provinces of Fujian and Guangdong and the inland provinces of Shaanxi and Sichuan.

China supports Tajikistan to take presidency of the Conference on Interaction and Confidence-Building Measures in Asia and is willing to help Tajikistan prepare for the event, Xi added.

China needs to cultivate more professionals with higher quality, promote the spirit of the craftsman and encourage enterprises of various sizes to provide fine products amid efforts to boost the "Made in China" brand, Li said.