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China will open more areas to foreign investment, and tax benefits will be extended to a larger variety of investments.

China will further integrate itself with the development of the world and contribute more to economic globalization through Hainan. The free port could form greater synergy with the Guangdong-Hong Kong-Macao Greater Bay Area and boost economic and trade relations with Southeast Asian countries.

China will take further measures to support private investment as the country tries to stabilize growth while encouraging deleveraging, especially within State-owned enterprises, according to the nation's top economic regulator.

China will shorten the time required for reviewing applications of high-value patents and for trademark registrations as part of its effort to strengthen the protection of intellectual property rights and improve the business climate, the State Council's executive meeting, chaired by Premier Li Keqiang, decided on Wednesday.

China will strengthen oversight on the securities market to keep it fair, open and impartial, Jiang Yang, vice-chairman of the China Securities Regulatory Commission, said in response to questions about priorities in the next phase of the CSRC's work.