Xi calls for more market-based interest rates, exchange rates

BEIJING - Xi Jinping on Wednesday called for making China's interest rates and exchange rates more market-based.

He made the remarks in a report to the 19th National Congress of the Communist Party of China.

"We will improve the framework of regulation underpinned by monetary policy and macro-prudential policy, and see that interest rates and exchange rates become more market-based," he said.

He also stressed the importance of improving the financial regulatory system to "forestall systemic financial risks."