China pledges to deepen financial sector reforms


A floral display outside the Westin Beijing Financial Street, one of the venues of the annual conference. CHINA DAILY

China will unswervingly deepen reform and expand opening-up to continuously enhance the momentum and vitality of financial development, and to advance high-standard opening-up in the financial sector, Li Yunze, minister of the National Financial Regulatory Administration, said on Monday.

The NFRA will promote institutional opening-up in the financial sector toward broader areas and deeper levels, fully implementing the pre-establishment national treatment plus negative list management system. It will also enhance the cross-border management capacity of Chinese financial institutions to better support high-quality cooperation under the Belt and Road Initiative.

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