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The SAR government officials were urged to observe a fundamental purpose of wholeheartedly serving the people and take a down-to-earth approach to improve people's wellbeing.

In 2020, greater efforts will be made to ensure lower financing costs and continued fast loan growth to small and micro firms, according to decisions adopted at an annual work conference of the China Banking and Insurance Regulatory Commission.

The commission said it will prioritize medical treatment and quarantine facilities in future investments to combat the virus.

Hailing the friendly relations between China and Laos, Li said China attaches great importance to relations with Laos and is ready to work with Laos to carry forward their traditional friendship, deepen mutual political trust, implement the action plan on the building of a community with a shared future for China and Laos, and promote cooperation featuring win-win results.

Party and government officials, especially the leading officials, must always stay on their jobs and stand at the frontline to safeguard social stability and ensure people have a peaceful and merry Chinese New Year festival, Xi said.