Opinion Flash
Governor of PBOC: China accelerates opening-up in financial sector
Xinhua | Updated: 2018-12-12 15:10

The central bank will develop the financial market, push forward financial reform and expand opening-up under the premise of maintaining financial system stability, ensuring continuous financial services and forestalling systemic financial risks, said Yi Gang, governor of the People's Bank of China, according to Xinhua News Agency.

As China strives to make new ground in pursuing reform and opening-up, a more open financial sector will give foreign investors more chances to share the country's market dividends. China will encourage foreign investors to enter its trust, financial leasing, auto finance, money brokerage and consumer finance sectors, a move to take effect before the end of this year, xinhua reported.

Seven of the 11 measures have been implemented, Yi Gang wrote in a signed article last week.

While pushing financial opening-up, the country will not dial back its efforts in risk control. "The country will strike a balance among financial reform, development and stability," Yi said.

The central bank will develop the financial market, push forward financial reform and expand opening-up under the premise of maintaining financial system stability, ensuring continuous financial services and forestalling systemic financial risks, said Yi Gang, governor of the People's Bank of China, according to Xinhua News Agency.

As China strives to make new ground in pursuing reform and opening-up, a more open financial sector will give foreign investors more chances to share the country's market dividends. China will encourage foreign investors to enter its trust, financial leasing, auto finance, money brokerage and consumer finance sectors, a move to take effect before the end of this year, xinhua reported.

Seven of the 11 measures have been implemented, Yi Gang wrote in a signed article last week.

While pushing financial opening-up, the country will not dial back its efforts in risk control. "The country will strike a balance among financial reform, development and stability," Yi said.