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China will continue to expand opening up in the banking, insurance and securities sectors, and work toward the goal of fully lifting restrictions on ownership and access for foreign banks, he said, adding that the financial sector will continue to be a priority for the country's opening up.

China should continue to open to Western companies because it's a win-win policy and will help accelerate China's technological progress, the professor said.

China will also build platforms for Chinese and German companies in the third party cooperation, in a bid to make more opportunities and make the market larger, Wang said.

China will also complete its H-share full circulation trial soon, and anticipate overseas-listed Chinese tech firms to issue shares in mainland markets via China Depositary Receipts.

China will continue to deepen reforms, expand opening up, treat foreign and domestic companies equally, and create a better environment for all types of market entities to make investments and innovations, as well as start businesses, Li said.