BEIJING, Oct. 29 -- China is further deepening the reform of its capital market and expanding the high-level opening up of the financial sector via firm steps, Vice Premier He Lifeng said in Beijing on Wednesday.

He, also a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks when meeting with members of the China Securities Regulatory Commission International Advisory Council.

Noting that China is fully implementing the guiding principles of the fourth plenary session of the 20th CPC Central Committee, He said China is promoting the high-quality development of its financial sector to serve Chinese modernization, and welcomes more foreign financial institutions and long-term capital to invest and operate businesses in the country.

The advisory council members spoke highly of the achievements made in the reform and opening up of China's capital market in recent years, and said they are optimistic about the development prospects of China's economy and its capital market. They also expressed willingness to enhance their presence in the Chinese market and continuously expand investment cooperation with China.