China will step up efforts to attract foreign firms, financial regulator says

A woman takes photo as she walk through an overpass in Beijing on January 16, 2024. (Photo by WANG Zhao / AFP)

HONG KONG/BEIJING: China will boost efforts to attract foreign firms and will not change its stance to protect the legal rights of foreign companies, the nation's top financial regulator said.

"The Chinese mainland will not change its policy to enhance efforts to attract and utilise foreign capital into its financial industry," Li Yunze, head of China's National Financial Regulatory Administration (NFRA), said at the Asian Financial Forum in Hong Kong on Wednesday.