China's central bank, together with other top financial regulators, convened a high-level symposium on Friday to discuss measures for boosting private enterprise development, which analysts said signaled bigger steps in facilitating the financing of private enterprises as their role in innovation becomes increasingly significant.

China's central bank and financial regulators held a meeting with private enterprises and financial institutions, vowing to increase lending to private enterprises and expand their fundraising channels,

China’s central bank said it will help keep financing costs in check for private companies, in the latest move by the nation to give the sector a freer hand.