The loosening would help maintain sufficient liquidity in the financial sector, which could keep corporate financing costs at a lower level, said Guan Tao, a researcher at the China Finance 40 Forum and a former senior official with the State Administration of Foreign Exchange.

Policymakers should keep liquidity reasonable and sufficient, improve monetary policy transmission, boost the ratio of direct financing and address funding difficulties for companies, according to the statement.

Guan told China Daily that the monetary policy will play a large role in offsetting economic slowdown risks as liquidity is kept at an appropriate and reasonable level.

To anchor growth, participants at Friday's conference vowed to support jobs, trade and investment and resolve financing difficulties for small and private companies, while curbing risks and financial market volatility, according to the statement.

China will also continue to pursue high-quality development, expand the domestic consumption market, boost rural development, promote balanced regional development, accelerate economic system reforms and improve people's livelihood, the meeting agreed. The country will also take measures to support growth of private enterprises and allow foreign companies to operate independently in more fields, the statement said.