BEIJING, May 25 (Xinhua) -- The Tsinghua Global Finance Forum 2019, organized by Tsinghua University PBC School of Finance (PBCSF), has opened in Beijing on Saturday.

Focusing on financial supply-side reform and opening-up, the forum, now in its fifth year, attracted scholars, officials and representatives from the financial sector.

China has made historic achievements in the development of financial industry since the reform and opening-up, which has offered solid support to the overall economic growth and social development, Qiu Yong, president of Tsinghua, said at the opening ceremony.

As both domestic and external environments have undergone significant changes, China should further promote the two-way opening-up of the financial sector at a higher level and enhance the sector's competitiveness and capabilities of participating in global financial governance, he added.

At the forum, a report on China's financial policy 2019 was released by PBCSF.

Stressing financial sector's fundamental role in serving the real economy, the report said that developing the direct financing market remained a key link in the financial supply-side reform, which helps to cast off the dilemma between fending off risks and supporting the real economy.

Slated for May 25-26, the forum will see discussions on a wide range of topics including fintech, defusing financial risks, as well as opportunities and challenges on wealth management.