China Advances in Financial Openness

Vice Premier of the State Council of China, He Li Feng, said that China will continue gradually expanding institutional openness in the financial sector, increasing the presence of global financial institutions in the Chinese market, and strengthening international cooperation in the financial field. He emphasized that the country will work on improving the rule of law and safeguarding national financial security, in addition to developing a global hub for renminbi-denominated asset allocation and management in Shanghai to enhance its position as an international financial center.

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