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As the world's second-largest economy, China had more than 65 million businesses run by the self-employed and 27 million private enterprises as of the end of last year. They employed around 341 million people.

As the Chinese market becomes more open, trade and cooperation between Chinese and foreign companies will be boosted, which is mutually beneficial and provides Chinese companies with opportunities to learn from their foreign counterparts, he said.

As the epidemic wanes and policy support intensifies, loan issuance is expected to soar 80 percent in 2020, which is enough to support 1 million individual businesses and 10,000 small and micro-firms, up 43 percent and 52 percent from last year, respectively, the MOF said.

As the first Hong Kong-listed company with a dual-class structure, Xiaomi, which opened at HK.40 (.73) on Wednesday, surged more than six percent in the morning trading session. It hit an intraday high of HK.20, before closing at HK.55 in the afternoon, up 3.11 percent for the day.

As the test result showed the supply was safe, milk services will be restored on May 28, according to the milk companies' bid contract.