Chinese President Xi Jinping has reiterated China’s commitment to the path of financial development with Chinese characteristics and boosting the high-quality development of the sector. In his remarks to the Party School of the CPC Central Committee, also known as National Academy of Governance, President Xi outlined the progress of financial development in the new era since the 18th Party Congress. Xi emphasized the importance of adhering to the principle of ensuring financial services serve the real economy and making risk prevention and control the focus of financial work.