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Chen said, China and Germany have soundly cooperated in global affairs and made fruitful achievements in all fields together.

The statement came as the world's second largest economy is trying to cool inflation while sustaining economic growth. Its first quarter GDP growth hit a nearly three year low of 8.1 percent caused by sagging exports and domestic tightening efforts.

While all the other countries have to go through primary dealers on Wall Street to buy and sell U.S. bonds, China now only has to sell, not buy, through these brokers, Reuters reported.

"The central government has placed high hopes on you and the citizens of Hong Kong are also full of expectation," Hu told Leung.

"Fiscal and taxation leverage is an important means to adjust economic operation and promote restructuring," the vice premier said.