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More than a dozen sub-forums and events on the sidelines of the summit will address topics concerning the youth, local and non-governmental efforts, think tanks, media outlets, as well as cooperation in defense security and health.

"The issue of lack of affordable financing for small and micro businesses must be taken seriously," Li said. "The mentality that big banks can only serve big businesses must be rejected. Financial services for small businesses and individuals must be improved."

In his Government Work Report delivered in March this year, Premier Li said that the government will further lighten the corporate tax burden. Far greater numbers of small low-profit businesses will see their income tax halved and the ceilings on deductible business purchases of instruments and equipment will be significantly raised. The pilot preferential tax policies for venture capital investment and angel investment will be extended nationwide, he said.

Yang Xiaodu, deputy secretary of the Communist Party of China Central Commission for Discipline Inspection and head of the national supervisory commission, expressed the hope during a meeting with Hong Kong Independent Commission Against Corruption (ICAC) Commissioner Simon Peh Yun-lu.

The Plan for Rural Vitalization Strategy (2018-2022) has details about future rural work focus, concrete policies and measures, and arrangements for major projects, plans and campaigns, the statement said, adding thatParty committees and governments at all levels must give priority to the implementation of the rural vitalization strategy.