China pledged on Tuesday to offer its manufacturing sector “multi-pronged financial support” in its efforts to upgrade low-end manufacturing to more value-added production.

Chinese authorities promised it would improve its financial support of the "Made in China 2025" strategy in a guideline jointly released by several regulators, including the People’s Bank of China and the Ministry of Industry and Information Technology.

China Securities Regulatory Commission, China Banking Regulatory Commission and China Insurance Regulatory Commission also joined in the release of the guideline.

The banks and financial institutions will play differentiated roles in serving the manufacturing sector, and agencies specialized in technology finance will be set up to offer more professional services to the industry.

The regulators are committed to fostering a multi-layered capital market and speeding up the listings of high-tech manufacturing firms.

The guideline also suggested that innovative bond and insurance products should cater to the financing needs of the advanced manufacturing industry.

In 2015, China announced that its Made in China 2025 plan would elevate the manufacturing sector up the value chain, and promote development in 10 key sectors such as medical devices and robotics.

China's industrial value added in the manufacturing sector expanded 6.8 percent year on year in 2016, with high-tech and equipment manufacturing posting about 10 percent year-on-year growth.

( With inputs from Xinhua)