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As for the financial industry, the guideline said that Xiongan will "take the lead" in putting the newest research results in financial technology, or fintech, into practice, and build a high-standard fintech center.

As concerns over climate change have been rising, China has become both the largest manufacturer and buyer of EVs in the world and currently accounts for more than half of all electric cars.

As a result, developers need to seek new ways of expansion, and IP-protected products would help reduce costs and attract more users.

As for the risks from some market players that are "too big to fail," Guo said the regulators need to keep a close eye on those tech giants that have branched into financial business.

As a close neighbor, China is willing to work with Japan to continue improving and developing bilateral ties, Chinese Foreign Ministry spokesman Zhao Lijian said on Friday.