BEIJING - China must steadfastly advance institutional reforms in economic, political, cultural, social and other fields and stick to the opening-up policy, Premier Wen Jiabao said here on Saturday.

Addressing a reception marking the 63rd anniversary of the founding of the People's Republic of China, Wen said "there is still a long way to go" before China become a modern socialist country that is prosperous, strong, democratic, culturally advanced and harmonious.

President Hu Jintao, senior leaders Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang, Zhou Yongkang and more than 1,200 Chinese and foreign personages were present at the reception.

"We must promote socialist democracy and rule of law, uphold social equity and justice, improve the educational and moral standards of our people and achieve freedom and all-round development of the people," said the premier.

"While recognizing achievements, we must always keep a cool head," he said, noting that China has witnessed tremendous changes since its founding and especially since the launch of reform and opening up, as well as this year has witnessed new progress in China's reform, opening-up and modernization endeavors.

The country is in an important period of strategic opportunities for development, Wen said, stressing that the power of reform and opening-up as well as the persevering spirit of the Chinese nation will lead China to a brighter future.

As to the 18th National Congress of the CPC, the premier said that it will be an important meeting "for us to build on past achievements and open up new prospects for future development."

He stressed that "we will unswervingly follow the basic line of the Party and stay committed to the path of socialism with Chinese characteristics."

Wen also reiterated the government's policies on Hong Kong, Macao and Taiwan, vowing to maintain long-term prosperity and stability of Hong Kong and Macao and to promote peaceful development across the Taiwan Strait.

On foreign affairs, the premier said that China will pursue an independent foreign policy of peace and firmly safeguard national sovereignty and territorial integrity.