Xi said PKU was the first in China to disseminate Marxism and do its research, playing a key role in the spread of Marxism in China and the CPC's founding.
He said the year 2018 marked the 200th anniversary of Karl Marx's birth and the 170th anniversary of the publication of the Communist Manifesto.
"Our best commemoration is to do a good job in studying, promoting and implementing the spirit of the 19th CPC National Congress and the thought on socialism with Chinese characteristics for a new era which embodies Marxism in contemporary China," Xi said.
He encouraged serious studies on socialism with Chinese characteristics in connection with changes in the Party, the country and the world to produce more influential and convincing research results.
At the end of his inspection, Xi outlined work in fundamental areas as priority to build world-class universities with Chinese characteristics.
The right political direction should be upheld, Xi said, urging persistent efforts to foster and promote core socialist values, and encourage university staff and students to have faith in, actively promote and practise these values.
The confidence in the path, theory, system, and culture of socialism with Chinese characteristics should help us build the confidence in developing world-class universities with Chinese characteristics, Xi said.
Xi also stressed efforts to train competent teachers and establish a system for cultivating talent.
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