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"However, these numbers do not conform with the level of our bilateral friendship, cooperation and strategic ties," Wen said.

"While continuing to unleash its comparative advantages in global competition, it is important for Asia to explore and expand markets of domestic demand," said Li while delivering a keynote speech at the opening ceremony of the 2012 annual meeting of the Boao Forum for Asia (BFA).

To strengthen China-Brazil cooperation is of great significance and enjoys broad prospects against the backdrop of changing international situation and uncertainties in global economic recovery, Wen said.

The People's Bank of China, the central bank, said earlier last month that it would continue to carry out a prudent monetary policy this year.

"I’m very pleased to see the authorities encouraging and guiding the private capital to invest in the banking sector. The threshold of the financial industry certainly should be higher due to risk concern, but there should be clear and transparent access standards that could be applied to all kindsf investors," said Guo Tianyong, director of the Research Center of the Chinese Banking Industry at Central University of Finance and Economics.