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China will enhance enterprises' innovation capacity and strengthen the dominant role of enterprises in innovation.

China's A shares will likely shine brighter this month onward on the back of the central bank's Sept 30 cut to its reserve requirement ratio or RRR for certain banks, market insiders said.

China would like to make joint efforts with all SCO members, including Russia, to use the opportunity of the summit to ensure the continued healthy development of the SCO, Xi said.

China's bank lending decreased in October after rising in the previous two months on the back of seasonal factors and lower government bond issuances, data from the People's Bank of China, the central bank, showed on Wednesday.

China will extend gigabit broadband connection to more than 300 cities and cut the average service rates by 15 percent for small and medium-sized enterprises this year.