Chinese President Xi Jinping met with China's business community on Monday, calling them to showcase their talent and trust in China's model and market, Reuters reported Monday.

Xi said Chinese private businesses showed "broad prospects and great promise" to create wealth and opportunity," the report said, citing a summary by state media.

China's move is a far cry from the regulatory clampdown it imposed four years earlier against tech firms, the report said.

The move also showed the government's worries about slow growth amid efforts by the US to limit China's technological prowess, the report said.

Among those seen in attendance include Alibaba (HKG:9988) co-founder Jack Ma, Huawei founder Ren Zhengfei, Xiaomi (HKG:1810) founder Lei Jun, BYD (HKG:1211, SHE:002594) founder and chairman Wang Chuanfu, Unitree founder Wang Xingxing, and CATL (SHE:300750) Chairman Robin Zeng, Reuters reported, citing video footage by Chinese state television.

Meituan (HKG:3690) co-founder Wang Xing, China Feihe's (HKG:6186) Chairman and Chief Executive Officer Leng Youbin and Will Semiconductor (SHA:603501) founder Yu Renrong also attended, Reuters said, citing footage from CCTV.

Tencent's (HKG:0700) Pony Ma also attended, Reuters reported, citing a source familiar with the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)