BEIJING, March 24 -- Senior officials from the Chinese central government's departments came under the spotlight at the ongoing China Development Forum 2019 for elaborating on China's reform and opening-up.

Here are the key takeaways from some of their speeches made on Sunday.

-- Tax cuts for the real economy

To support the development of the real economy, Minister of Finance Liu Kun said that the government insisted on adding corporate profitability and multiplying market vitality by reducing government revenue.

He said that market players, especially small and micro business, would have a clear sense of tax cuts and fee reduction this year, and that the big job of tax cuts would be well done.

The total reduction is expected to reach nearly 2 trillion yuan (about 298 billion U.S. dollars) this year.

-- Broader opening-up of financial sector

Central bank governor Yi Gang stressed five aspects concerning the opening-up of China's financial sector: opening up the financial service sector; combining the opening-up of financial market with the reform of the RMB exchange rate formation mechanism in a coordinated manner; fully implementing the pre-establishment national treatment plus negative list management system; improving the rules concerning financial market opening-up and enhancing institutional and systematic openness; improving business environment and optimizing financial regulation.

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