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"Good entrepreneurship education can lead to entrepreneurial success and help promote an entrepreneurial culture," said Mao Donghui, executive director of X-Lab of Tsinghua, a startup incubator education platform. "This explains why entrepreneurship academics become popular in the West.

"For the next step, we will roll out policies as soon as possible to ensure the tax and fee cuts will be put into place, and make market entities - especially small and micro enterprises - really feel the benefits," he said.

"Fighting poverty is the fundamental task in building an all-round moderately prosperous society," Xi said.

"FinTech innovations that feature internet, big data and artificial intelligence are exerting profound influence on capital markets," said Huang Wei, assistant chairman of the China Securities Regulatory Commission, at a forum.

"Financial departments should adjust and adapt support policies in light of the changing COVID-19 situation and economic conditions. Policies introduced must be targeted and robust," Li said.