China is set to bolster its financial openness as a top priority, aiming to create a more transparent and predictable policy environment. Pan Gongsheng, governor of the People's Bank of China, emphasized during a press conference that the country will expand the opening of its financial services and markets.
The initiative seeks to improve the business landscape for foreign financial institutions, making China a more attractive destination for international players and long-term capital. Pan highlighted the support for Chinese financial institutions to go global, expanding their presence in international markets.
Additionally, China plans to steadily increase the two-way opening of its financial market, fostering greater collaboration and investment opportunities. The statements were made during the second session of the 14th National People's Congress, where discussions focused on development, reform, financial budgets, commerce, and financial securities.
Reference(s):
High-standard financial opening up a priority for China, says official
cgtn.com
