The Paris conference will be attended by at least 80 world leaders including China's President Xi Jinping and US President Barack Obama.
It seeks to unite all the world's nations in a single agreement on tackling climate change, with the goal of capping warming at two degrees Celsius (3.6 degrees Fahrenheit) over pre-Industrial Revolution levels.
Each signatory's progress should be reviewed every five years, China and France said in a joint statement, to "reinforce mutual confidence and promote efficient implementation". They gave no details.
The two also reiterated that the deal should be legally binding -- something which China had already agreed in its submission in June to the conference.
In that document, Beijing also said checks on compliance should "non-intrusive, non-punitive and respecting national sovereignty".
China is the world's largest polluter and will be a key player at the event, which begins on November 30, in the face of disputes over whether developed or developing countries should bear more of the burden for reducing emissions.
Hollande said the statement was a "major step" towards an agreement in Paris, where China was "necessary, indispensable" for success.
"With this declaration, we have set up conditions which open the way to success and I am minded to believe that an agreement is now possible," he told reporters.
"The conditions were laid in Beijing today, it will be said. This visit is historic. And I am weighing my words."
Hollande said earlier it was "exceptionally important... for the international community to know whether [China] is capable of assuming its responsibilities" when it comes to reducing its large carbon footprint.
