Xi Jinping, general secretary of the Central Committee of the Communist Party of China (CPC), called for focusing reforms on solving practical problems on Thursday.
Reform and opening up have broken new ground for China and should be advanced with resolution and courage, according to a commentary published on state media Monday.
A photo exhibition titled "China's economic reform -- 40 years in the making" opened in New York on Wednesday to showcase the achievements China has made since its reform and opening up.
China will launch promotional and educational activities across the country to celebrate the 40th anniversary of reform and opening-up this year.
A forum has been held in Hong Kong to mark the 40th anniversary of China's reform and opening up policy, with participants vowing to make further contributions to China's national development for a new era.
Hainan will be China's largest free trade zone enjoying increased opening-up policies and will be the country's first free trade port since the founding of the People's Republic of China in 1949.
China is taking another step in opening up the financial market with reform of the Qualified Domestic Institutional Investor (QDII) scheme.
President Xi Jinping underscored advancing reform and opening-up in the southern province of Hainan "from a higher perspective, with a broader vision and greater strength."