With continued pressure on the Chinese economy, China's State Council pledged a list of measures to ease financing burdens for companies on November 19.

After a string of moves to tackle this problem was rolled out in July, high financing costs have eased in some regions but still remain a prominent bottleneck for businesses, said a statement released after an executive meeting of the State Council presided over by Premier Li Keqiang.

The calculation of the loan-to-deposit ratio should be granted more flexibility for financial institutions to improve their capability to support small and micro businesses as well as farmers, the statement said.

China will speed up the growth of private banks and encourage financial institutions to provide multi-faceted financial services to companies through community and cellphone banks. The government also encourages Internet finance companies to provide standardized services to smaller businesses, farmers and the rural economy.

Performance assessment for Chinese commercial banks should also be improved to curb the tendency of preferring big projects and high loan interest rates.

China will also lower the threshold for small and innovative firms to get listed on the stock market, scrapping the requirement that only companies that register continuous years of profits are eligible to be listed.