The president also stressed the significance of promoting exchanges and mutual learning among civilizations, and working together to build a community with a shared future for mankind.

He expressed sincere appreciation to all governments, peoples and international organizations who care about and support the Beijing Games.

"After 14 years, the Olympic cauldron has been lit once again in Beijing, making the city the world's first to host both the Summer and Winter Olympic Games," he said.

He reiterated China's pledge to host a green, inclusive, open and clean event, saying that the nation has made every effort to counter the impacts of COVID-19, earnestly fulfilled its solemn pledge to the international community and ensured the smooth opening of the Games as scheduled.

He noted that by preparing for and organizing the Olympic Winter Games and promoting Olympic winter sports, China has popularized winter sports among ordinary people, achieved the goal of engaging 300 million Chinese people in snow and ice sports and made new contributions to the Olympic cause worldwide.

The dignitaries attending the banquet were welcomed with a corridor showcasing China's intangible cultural heritage before joining Xi and his wife, Peng Liyuan, at the Golden Hall, which was decorated with elements symbolizing the Beijing Games and Spring Festival, China's most important holiday.