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China will take all necessary legal and administrative measures against the listed entities in accordance with China's foreign trade law, anti-monopoly law, state security law and other related laws and regulations, according to the MOC.

The meeting also urged to motivate private actors to participate, improve equity structures, and provide equal protection for the rights and interests of private investors. Financial asset investment firms will be supported in launching asset management products and accepting investment from insurance and pension funds.

"Our high-level opening-up will spur China's further integration into the global economy, bringing benefits to its own people and also contributing to the development and peace of the globe," said China's former Vice Finance Minister Zhu Guangyao.

Also on May 23, Li attended the opening ceremony of a seminar to celebrate the 70th anniversary of bilateral ties, stressing that the two countries should adhere to sincere treatment with each other, mutual respect, mutual benefit and people-to-people friendship, and jointly write a new chapter of China-Hungary friendship in the new era.