China will further advance the opening-up of its financial sector and capital markets, with Shanghai spearheading the efforts, a move that will bring fresh opportunities for collaboration in an increasingly fragmented international financial system, officials and experts said.
At the 2025 Lujiazui Forum held in Shanghai, China's top financial regulators unveiled a raft of new opening-up measures on Wednesday, including setting up an international operation center for the digital yuan, or e-CNY, widening foreign institutions' access to financial business pilot programs and improving the qualified foreign institutional investor, or QFII, program to facilitate overseas investment.
