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China will allow local governments to issue up to 200 billion yuan (.6 billion) of special-purpose bonds to purchase convertible bonds and other qualified capital instruments of small and medium-sized banks in 18 regions, said Liu Rong, deputy director of the CBIRC's city commercial bank supervision department.

China signed the Regional Comprehensive Economic Partnership agreement with other participating countries in mid-November. The world's largest trade pact will likely open up more sectors and promote business flow among signatories.

China needs to cultivate more professionals with higher quality, promote the spirit of the craftsman and encourage enterprises of various sizes to provide fine products amid efforts to boost the "Made in China" brand, Li said.

China is willing to engage in third-party cooperation with Australia based on the needs of the South Pacific island countries, so as to help them achieve the 2030 Sustainable Development Goals (SDGs) as soon as possible, he said.

China issued a guideline in early November to improve the business environment for foreign investors with a focus on the national treatment of foreign-funded enterprises.