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China will also strengthen financial support to promote the scale of industrial agglomeration and enhance the industrial competitiveness of major industries in Hainan, as well as innovating and developing trade finance, consumer finance, green finance and technology finance.

China unveiled reform plans on Saturday to improve the financial sector's capabilities and serve the real economy while guarding against systemic risks.

China vowed to keep its prudent monetary policy "neither too tight nor too loose" and make counter-cyclical adjustments in a timely and moderate manner, the central bank said Friday in its second-quarter monetary policy report, adding that the country will not resort to flood-like stimulus policies.

China released a string of economic indicators for the first half of the year on Monday. Data showed China's economy expanded at a faster-than-expected 6.9 percent year-on-year in the first six months of 2017. Indicators related to people's livelihoods, such as jobs, income and CPI were also bright spots. Particularly, the growth of resident income exceeded GDP growth. Experts predicted that China's economy is set to remain stable during the second half of 2017.

China will continue deepening its reform and opening-up process while pursuing a path that suits the country's national conditions, Huang Kunming, a member of the Political Bureau of the Communist Party of China Central Committee, said on Wednesday.