(Yicai Global) Dec. 30 -- On Dec. 22, China issued 28 opinions offering support to the reform and development of private companies. These covered topics in markets, policies and the legal environment, reform and innovation, regulated development and relationships between governments and businesses.

On Dec. 23, Chinese Premier Li Keqiang said the country would increase support for small and medium-sized banks in the hope they will issue more small loans. The nation will also mull require reserve ratio cuts, re-lending and re-discounts to reduce financing costs.

The National Financial Work Conference took place on Dec. 26 and Dec. 27, where it was said that China will increase funding for poverty alleviation in 2020 and tighten supervision to slow down a rise in hidden debts.

On Dec. 27, the National Bureau of Statistics said that China's biggest industrial firms made CNY5.6 trillion (USD802 billion) in profit during the first 11 months, down 2.1 percent annually. The companies held CNY119 trillion in assets as of the end of November, 6 percent more than a year earlier.

On Dec. 28, the People's Bank of China announced that it would use the loan prime rate as a benchmark for the pricing of existing floating-rate loans by Aug. 31, 2020. Those involved in loan issuing will be able to negotiate any added value.

Some 625 Chinese mainland-listed companies have planned or completed a share buy-back so far this year, with their total value of CNY117.4 billion (USD16.8 billion) more than doubling the figure for last year. The move was most prevalent in the chemical, biomedical and real estate sectors, where buy-backs topped CNY10 billion each.

The biggest 10 gainers among Chinese mainland-listed firms so far this year have been mostly tech related, with wireless earphones, electronic toll collection, smart speakers and consumer electronics among the best performers.

The Shanghai Composite Index ended the week flat, while the Shenzhen Stock Exchange rose just 0.04 percent throughout the week. The ChiNext Price Index, which tracks growth stocks in Shenzhen, dropped 0.23 percent during the week.

Editor: Zhang Yushuo