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Both China and Japan, as important countries in the region and the world, as well as cooperation partners of strategic and mutual benefit, bear the responsibility to strengthen solidarity and coordination to jointly tackle the challenges, he added.

"Commercial endowment insurance shall be vigorously developed. In the past few years, new industries and new business models have emerged as China deepens reform of government functions and encourages entrepreneurial and innovation activities nationwide," Li said.

Market access of individual credit reference agencies will be promoted in an active yet prudent manner, and openness of the credit reference sector will be scaled up. Matching regulations and supporting institutions for the credit reference sector shall be improved and accountability mechanism strengthened. Fraudulent credit rating shall be strictly punished according to law.

"Civil servants must uphold their country's constitutional laws and honor the pledge of allegiance to the motherland, which is the basic political ethics in all countries," Zhao said.

The meeting called for efforts to keep the existing supportive policies, financial support and assistance basically stable.