President Xi Jinping on Tuesday (January 16) stressed staying committed to the path of financial development with Chinese characteristics and boosting the high-quality development of the sector.

Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks while addressing the opening of a study session at the Party School of the CPC Central Committee (National Academy of Governance). 

While abiding by the objective laws of modern financial development, the path of financial development with Chinese characteristics enjoys features that better suit China’s national conditions and is fundamentally different from the Western financial model, Xi said at the study session attended by principal officials at the provincial and ministerial levels.

He called for firming up confidence and making sustained exploration and improvement to further broaden this path.