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Checks will be conducted against unwarranted and against-regulation bank charges. No arbitrary charge or undue additional condition on loans is allowed.

The two countries should step up coordination and cooperation to firmly defend international fairness and justice, uphold multilateralism, and safeguard the legitimate rights and interests of developing countries, said Xi.

Meanwhile, the HKSAR government has introduced five rounds of increasingly stringent measures since July 9.

Li stressed that SOEs should focus on their main responsibility and business, develop sound market-oriented operating mechanisms, and increase core competitiveness. At the same time, a level playing field for the private sector shall be created to boost their confidence in development.

China has managed to quickly bring COVID-19 under effective control while ensuring people's basic living needs, Li said, stressing that this has not been easy for a developing country with 1.4 billion people.