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China will accelerate developing laws and regulations governing the financial sector, improve macro prudential management and emphasize functional as well as behavioral regulation, according to Xi.

China is willing to work with the European side to advocate multilateralism and send more messages that are clear, predictable and confidence-boosting, for the development of international situation that is stable and conducive to all, Xi said.

China unveiled its first pilot FTZ in Shanghai in 2013. Twelve pilot FTZs have been established nationwide, where reform measures such as streamlined business registration and easier access to administrative services are tested before being promoted nationwide.

China should further relax or even abolish the family planning policies to increase births and ease the impact of rapid population aging, a leading expert has suggested.

China plans to further promote its opening-up this year by granting more access to foreign investors in a number of sectors and eliminating joint-venture requirements, according to the nation's top economic regulator