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China's financial regulators will have "zero tolerance" over illegal activities in the country's capital market such as fraudulent securities issuance and financial fraud, officials said at a key meeting on Saturday.

China's local governments may be mulling more coupon distribution programs, which have worked well in unlocking pent-up consumer demand, experts said on Friday.

China's growth in industrial value added rose by 7 percent year-on-year in November, from 6.9 percent in October, according to the National Bureau of Statistics. Retail sales, a key gauge of consumption, were up by 5 percent year-on-year, the fastest level of the year.

China's inclusive finance covers financial services offered by financial institutions to micro-businesses, farmers, those on low-incomes, the disabled and senior citizens.

China's imports and exports were down 9.6 percent year-on-year to 4.12 trillion yuan (0 billion) in the first two months of this year, mainly due to the impact of the global pandemic, according to the General Administration of Customs.