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As the efforts bear fruit, this year's bailout policy package－with tax and fee cuts and measures to boost financing to business at the core－is expected to be effective in easing the burden of hard-hit enterprises, said Yang.

As the increase in expenditure was greater than that in revenue, the gross surplus of the sector dropped by 1.9 percent year-on-year to 3.05 billion Macao patacas (2.54 million) in 2019.

As some developed economies gradually withdraw asset purchasing programs or quantitative easing policies, China's monetary authority should consider how to maintain a sound environment for trade and investment to prevent strikes from risk exposure, Lu Lei, deputy director of the State Administration of Foreign Exchange, said at a forum in Beijing.

As to the number of listed companies on the main boards of the Shanghai, Shenzhen and Hong Kong stock markets, enterprises from the top 30 cities account for 69.7% of the country's total, among which 39.6% are located in the top three cities, namely Shanghai, Beijing and Shenzhen. In other words, the top 10% of the 298 cities are home to nearly 70% of all the Chinese companies listed on the main board.

As the second-biggest Chinese bond issuer, CDB has issued bonds worth over 20.0044 trillion yuan since its establishment, with its first market-oriented issuance back in 1998, the bank said in a statement on Thursday.