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"But we need to pay attention to the side effects of financial policies and prevent any effect from the COVID-19 pandemic," he said. "The total financial support measures should be appropriate, but it is also necessary to consider in advance a good timing for an exit of the policy tools."

"By next year, China's online spending will be greater than the rest of the world combined. At Alibaba, we want to help you take advantage of this appetite for consumption through our e-commerce marketplaces," he said, referring to the slew of online shopping portals under its brand.

"By getting listed, fintechs will consolidate previous achievements in development and will take the IPO as an opportunity to rectify nonstandard businesses so that they will meet compliance requirements. Besides, the status of listed companies will be helpful for them to obtain the relevant qualification accreditation or file for record under tightened regulations," the report said.

"China is moving to a more balanced growth model, a more consumer-driven growth model," said Joachim von Amsberg, the Asian Infrastructure Investment Bank's vice-president of policy and strategy.

"But we have never received any additional or special treatment," Huawei said, "Our working capital primarily comes from our own business operations and external financing, rather than government subsidies. Over the past 10 years, 90 percent of our working capital has come from our business operations. Huawei's external financing follows all market rules, and our cost of debt aligns with market standards."