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The ongoing economic globalization and the interwoven world economy had pushed for reforms of global governance, Li said, adding joint efforts were required to tackle the common challenges of financial volatility, an uncertain recovery, energy security, climate change and natural disasters.

Other financial policies include improving the variety of offshore yuan-based services in Hong Kong and facilitating long-term investment from Hong Kong in the mainland's capital market.

Local authorities in Zhoushan have warned citizens to be on guard against the typhoon and banned fishing boats from going out to the sea.

The PBOC also called for carrying forward with financial reforms on Sunday, while urging more efforts to maintain financial stability.

"While this was just a dream scenario for Danish exporters in the past, China's move towards sustainability means the dream can now be realized," she added, pointing to this burgeoning area of business collaboration.