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The central government provides some financial support to nursing homes and social welfare institutions in urban areas and nursing homes in rural areas, Ou said. With support of the central government, city governments and enterprises will join in to provide care for the elderly to expand the supply of such services, he said.

The city's maritime search and rescue center has dispatched seven patrol vessels, three salvage ships and five other boats to join the search.

The chief minister appealed to those who have recovered and been discharged from hospitals to come forward and donate their blood plasma in order to save other serious patients.

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The central bank may take advantage of targeted reserve requirement ratio cuts and some other tools to facilitate financing of private, small and micro enterprises, said Wang Shengzu, co-head of Goldman Sachs' Investment Strategy Group Asia.

The central government will support Hainan in establishing trading venues for global energy, shipping, commodities, property, equity, and carbon emission rights, said Xi.

The central bank also said that treasury bonds with maturities of one, three, five, seven and 10 years all saw lower rates of return last year.

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The city has taken the initiative to join the so-called electronic World Trade Platform with Alibaba Group, with an aim of lowering barriers to global trade for small and medium-sized enterprises.

The city maintained an open economy with strong upward momentum, as the actual use of foreign direct investment rose by 19.7 percent to .35 billion in 2018.

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The ceremony was held at Panmun Station in the DPRK's border town of Kaesong, attended by some 100 participants from both sides, according to Seoul's unification ministry.

The city is also making every effort to create a globalized and convenient business climate, fully compliant with international laws, for international investors, said the mayor.