China's central bank pledges continued opening-up of financial industry

2020-08-04 00:45:35Xinhua Editor : Wang Fan ECNS App Download

The People's Bank of China (PBOC), the central bank, said Monday that it will resolutely push forward the opening-up of the country's financial industry in a sound and orderly manner.

Measures announced to open up China's financial sector will continue to be implemented, the PBOC said in a videoconference on its work during the second half of 2020.

It will promote a full implementation of the foreign investment administration model of pre-establishment national treatment plus negative list, advance the internationalization of RMB and capital account convertibility in a proactive and sound manner, and unify the foreign exchange management policies applied in the opening-up of China's bond market.

The central bank said it will be deeply involved in global financial governance and safeguard multilateralism.


Most popular in 24h

MoreTop news


Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2020 All rights reserved.
Reproduction in whole or in part without permission is prohibited.