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The move is estimated to bring about 15 billion to 20 billion dollars into the Chinese capital market next year, according to Wang Hanfeng, an analyst with China International Capital Corporation.

"China and Mongolia are friendly neighbors," said Wang, adding that the new Mongolian government has sent a clear message to the Chinese side on maintaining mutual trust and properly handling sensitive issues, and the country has expressed a strong desire to deepen cooperation with China.

Chen Changzhi, executive chairperson of the congress presidium, called on CNDCA members "to learn the spirit of the 19th CPC National Congress earnestly, implement new development concepts and contribute to the country's development," while delivering a work report on behalf of the 10th CNDCA Central Committee at the opening session.

BEIJING, Jan. 12 (Xinhua) -- Senior leaders of the Communist Party of China (CPC) on Friday agreed that the proposal to amend the country's Constitution should only include "changes to part of it, not revision on a large scale."

Xi's speech explained strategic guidelines for Party governance, summarized progress made in the past five years and analyzed challenges and risks ahead, the communique said, adding that it is important for all Party to carefully study it.