Chinese President Xi Jinping attended a meeting with prominent entrepreneurs on Monday, a potentially momentous show of support for the private sector after years of turmoil.

China's President Xi Jinping has attended a symposium on private enterprises and delivered a speech after listening to representatives of private companies, official news agency Xinhua said on Monday.

The meeting sends a "very clear signal of top-level support" to the private sector entrepreneurs, Peiqian Liu, Asia economist at Fidelity International told CNBC.

President Xi Jinping attended a symposium for private enterprises where top Chinese tech entrepreneurs, including Alibaba's Jack Ma and Tencent's Pony Ma, were expected. The meeting aimed to boost private-sector sentiment and encourage expansion amidst the China-US technology war.