China's authorities have reaffirmed their ongoing commitment to ensure that financial services continue to support the real economy, address financial risks, and promote high-quality financial development of the country.

At meetings to lay out the next steps in the country's financial work, the central bank, the securities and finance regulators all stressed that these areas have become top priority for all government departments.

The People's Bank of China (PBOC) announced on Thursday that it would take the necessary steps to promote economic growth, expand employment and maintain the balance of payments. 

It plans to maintain the stability of monetary policy, pay more attention to cross-cycle and countercyclical adjustment, enrich its policy toolbox, and create a good environment for stabilizing prices. 

The PBOC also pointed out the need to deepen financial reform and improve the country's regulatory framework underpinned by monetary policy and macro-prudential policy, and expand the high-level two-way financial opening-up.

China will steadily and prudently promote the internationalization of the renminbi, deepen reform and opening-up in the foreign exchange field, and promote the facilitation of trade, investment and financing, said the PBOC.

Meanwhile, the China Securities Regulatory Commission (CSRC) on Wednesday underscored its commitment to improve the stock issuance registration system, strengthen systems and mechanisms, intensify investment reforms, attract more medium and long-term funds, and stimulate an active capital market.

The CSRC also stressed the need to strengthen mechanisms to prevent and control risks in the financial sector, and would focus on improving the effectiveness and coordination of marketplace supervision.

The country's finance watchdog, the National Administration of Financial Regulation (NAFR), announced on Wednesday that it would facilitate the building of a financial supervision system, fix shortcomings in the system, and severely crack down on illegal financial activities.

In addition, NAFR said it would prevent and resolve major risks and make every effort to promote the Chinese modernization of high-quality services in the financial industry.