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Among the 90 tasks, 14 aim to relieve non-capital functions, 19 are related to construction in Xiongan New Area and Beijing's subcenter in Tongzhou district, and 36 will promote breakthroughs in key sectors such as ecology, transportation, industry and public service.

Amid the unexpected epidemic, a large group of SMEs are facing bottlenecks in resuming normal orders, mainly due to labor shortages and supply chain issues. Ant Financial, a unit of e-commerce giant Alibaba Group Holding, said in a recent report that nearly 80 percent of the SMEs are in urgent need of funds.

Ambassador Dr Manelisi Genge, the chief director of East Asia and Oceania at the Department of International Relations and Cooperation in South Africa. [Photo by Lucy Morangi/chinadaily.com.cn]

Among the microlenders exploring new business models is Dunxin Financial Holdings Ltd, a medium-sized financial group focusing its microcredit business on Central China's Hubei province.

Amid efforts to nurture fertile ground for foreign businesses to thrive, China has this year implemented the Foreign Investment Law, trimmed the negative list for foreign investment, and eased foreign access to the financial market.