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Xi extended his congratulations to the forum, saying exchanges and communications between the two countries' states and provinces have significantly promoted bilateral ties at national level.

The current interest rate for housing pubic accumulation fund loans over five years is 4.25 percent, compared with 6.15 percent offered by commercial banks.

However, the Chinese side made it clear that President Xi's visit has not been confirmed yet.

This is the first time Li will attend the ASEM summit since taking office.

A broad consultation among the people is a democratic process to pool wisdom and form consensus, based on which China's governance will be solid and sound, he said.