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Growth of the consumer price index, a main gauge of inflation, moderated to 3.4 percent year-on-year in April in line with expectations, compared with March's 3.6 percent.

Private companies can buy into banks through private stock placements, new share subscriptions, equity transfers, mergers and acquisitions, according to a guideline released by the China Banking Regulatory Commission on its official website.

"The integrated escort schedule will be arranged on a quarterly basis," Geng said, noting that the strengthened coordination and cooperation could increase the efficiency of escort operations and better safeguard the safety of international navigation.

China is willing to exchange experiences on law enforcement, deepen pragmatic cooperation and work with Austria to combat transnational crimes, according to the Chinese official.

With a view to further deepen the cooperation between the two countries, the meeting has agreed to hold biennial ministerial meeting alternatively in both countries.