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The move came after the PBOC conducted 30 billion yuan of seven-day reverse repos at an interest rate of 2.55 percent and 20 billion yuan of 14-day reverse repos at 2.7 percent on Friday.

The move aims to enrich yuan-investment products with high credit ratings in Hong Kong and improve the yield curve of yuan bonds, it added.

The move marks the start of China's large-scale fish farming in distant, deep seas.

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The move aims to protect the legitimate rights of consumers and trademark holders, safeguard and ensure a market that is equal and fair for all competitors, and provide an inviting environment for consumers and investors, the administration said in a statement.

The move aims to keep liquidity in the banking system at a reasonably sufficient level, the central bank said.

The move came after the PBOC conducted 30 billion yuan of seven-day reverse repos at an interest rate of 2.55 percent and 20 billion yuan of 14-day reverse repos at 2.7 percent on Friday.

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The move will also strengthen the bank's administrative function when it comes to macro prudential regulation, which is a key to forestalling and defusing major risks - one of the "three critical battles" to win by 2020, Xu said.

The monthly trade surplus was 286.5 billion yuan ( billion), down by 14 percent year-on-year, according to the official data.

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The multiple steps introduced for swiftly restoring hog production are well underway, and good progress is being made with key agricultural products. That said, recent price hikes of some products in the "food basket", which includes meat, aquatic products, eggs, milk, fruit and vegetables, have driven up overall prices and affected people's daily lives.

The most active January 2021 contract for hot rolled coils, mainly used in cars and appliances, was down 37 yuan to close at 3,910 yuan a ton.