High-quality development is the fundamental strategy for resolving financial risks, Li Yunze, head of the National Financial Regulatory Administration, said on Monday.

Li made the remarks at the Ministers' Corridor, after the closing meeting of the second session of the 14th National People's Congress (NPC), held at the Great Hall of the People in Beijing.

Noting that preventing and resolving financial risks is an eternal theme of China's financial sector, Li said China is confident and capable of maintaining the country's financial security.

Regarding financial risk prevention and control, he urged efforts to improve foresight, accuracy, effectiveness and synergy.

The real economy is the foundation of finance, and finance is the bloodline of the real economy, Li said, adding that China continuously optimizes the financial supply as it plays an important role in economic recovery.

He also said the quality and efficiency of serving the real economy continues to improve, with the coverage of financial services continuing to expand.