The country must strengthen risk prevention and intensify supervision in order to avoid neglecting any risk or hidden trouble.
Xi vowed to deepen reforms to improve the financial sector's competitiveness and capacities for risk resistance and sustainable development.
China's financial industry should proceed from national conditions, said Xi. China needs to learn from other countries, but should not simply copy from them.
Xi further listed six tasks to maintain financial security, including deepening financial reform and improving the financial system by promoting accountability and compliance among financial institutions; strengthening supervision over systemically important financial institutions, financial holding companies and financial infrastructure to prevent any supervision loopholes; fighting violations of laws and rules, with a focus on comprehensive investigation of financial markets and internet finance.
Xi encouraged intensifying financial support to the real economy by developing a multi-level capital market, expanding the scope of direct financing, and providing more financial support to bolster key areas such as advanced manufacturing.
Leading cadres should enrich their financial knowledge and use it to boost economic development and prevent financial risks, said Xi.
Xi also underscored the CPC's leading role in financial work.
On the same occasion, China's central bank governor Zhou Xiaochuan made a statement on macro-control policies and maintaining financial security.
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