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Long-term efforts must be made to create a sound political ecosystem, he said.

"The yuan's exchange rate is mainly determined by market supply and demand," Foreign Ministry Spokesperson Geng Shuang told a press briefing. "It floats in both ways, which means there are ups and downs."

Financial crime, illegal fund-raising, fraud, online pyramid schemes and campus loans, among others, will be targeted. Financial personnel who engage in insider trading, abuse power for profits, and "big crocodiles" who pull strings in the market will be severely punished.

Prior to the meeting, the Rwandan president held a grand welcome ceremony for Xi, who arrived in Kigali on Sunday for the first state visit to the African country by a Chinese head of state.