Xi launches financial reforms

Maintaining stability, serving the real economy, expanding revisions crucial

China unveiled reform plans on Saturday to improve the financial sector's capabilities and serve the real economy while guarding against systemic risks.

China must strengthen the leadership of the Communist Party of China over financial work, stick to the basic tone of seeking progress while maintaining stability and respect the rules of financial development, President Xi Jinping said at a two-day National Financial Work Conference that ended on Saturday.