Highlight of Xi's keynote speech at Boao Forum

A view of Kunming City, capital of southwest China's Yunnan Province

Market access

China will launch a number of landmark measures this year to significantly broaden its market access, Xi said.

Late last year, China announced that measures would be taken to raise foreign equity caps in the banking, securities and insurance industries.

"We will ensure that these measures are materialized," Xi said.

China will accelerate the opening-up of the insurance industry, ease restrictions on the establishment of foreign financial institutions in China and expand their business scope, and open up more areas of cooperation between Chinese and foreign financial markets, he said.

On manufacturing, he said China has basically opened up this sector with a small number of exceptions on automobiles, ships and aircraft.