Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Live is Caixin Global's real-time news portal, featuring 24-hour breaking news, short-form analysis, and roundups from business and social media in China.

TRENDING
CNPC Plans $3.18 Billion Capital Increase in Finance Subsidiary
Retired Shandong Securities Regulator Put Under Probe
China Raises the Bar for Futures Company Shareholders
LATEST
Retired Shandong Securities Regulator Put Under Probe
China Raises the Bar for Futures Company Shareholders
CNPC Plans $3.18 Billion Capital Increase in Finance Subsidiary
Shanghai Regulators Push Didi to Expel Illegal Drivers After Accident
China Posts First Fiscal Revenue Decline in Six Months
A Billion People Are Now Part of China’s Credit Reporting System
Flow of Direct Investment Into China Continues to Grow Despite Trade Tensions
Trade Issues Could Trigger Competitive Devaluation: Ex-Central Bank Chief
Hong Kong Stock Exchange Chief Vows to Root Out Corrupt ‘Vermin’
China’s Property Investment Growth Slows
Shanghai Bets Big on Green Vehicle Future With ‘Hydrogen Energy Port’
Beijing Says Recent Drop in Rare-Earth Exports Caused by Market, Not Tightened Rules
China Proposes Tighter Rules on Foreign Companies Transferring Data Out of Country
Exclusive: Baoshang Takeover Impact Diminishing, Top Regulator Says
Former Top Nanjing Political Adviser Commits Suicide
Warburg-Backed ESR Shelves $1.25 Billion Hong Kong IPO
BMW's Production Shift to China Pays Off With Jump in X3 Sales
China Will Deliver Its Own Entity List Soon, Ministry Says
China Reduces High-Risk Financial Assets by Net $2 Trillion: Regulator
Central Bank Chief Calls on Shanghai to Step Up Services for Global Investors
The PBOC’s Second-in-Command Explains Why China Must Open Up

By Han Wei / Apr 12, 2019 10:38 AM / World

Chen Yulu at Caixin Roundtable in Washington. Photo: Caixin

Chen Yulu at Caixin Roundtable in Washington. Photo: Caixin

China will open up its financial sector “across the board” and create a “win-win” situation for institutions and investors, Chen Yulu, deputy governor of the People’s Bank of China, said at the Caixin Roundtable in Washington.

Chinese authorities have made a slew of efforts over the past year to broaden foreign investors’ access to its financial market as a key part of the country’s financial reform commitment and a core issue in the trade negotiation, said Chen. That include easing restrictions on foreign ownership in financial institutions, widening their business scope and streamline administrative procedures for foreign investment.

After a challenging 2018 for Chinese policymakers responding to headwinds abroad and at home, the world’s second-largest economy is showing signs of improvement, bolstering the confidence of global investors and market watchers.

But uncertainties remain at a delicate moment for the global economy, and the best strategy for China to weather new challenges is to continue its commitment to reform and opening-up, leaders have reaffirmed.

Cheng, who ranks second in the central bank’s leadership after Governor Yi Gang, outlined several changes that China will make to better embrace foreign investors and integrate with global markets.

Read Chen’s speech at the Caixin Roundtable here.

Share this article
Open WeChat and scan the QR code
Copyright © 2019 Caixin Global Limited. All Rights Reserved.