The SAFE said it would continue to deepen the reform of foreign exchange administration, expand opening-up, support foreign investors to invest in domestic financial markets and facilitate cross-border investment and financing.
Meanwhile, the SAFE will adapt to the opening-up, guard against the risk of cross-border capital flows and protect the country's economic and financial security.
As a key move to boost China's financial opening-up, the reform can facilitate global investment in the Chinese market in RMB, broaden the channels for overseas RMB use and make the Chinese market more attractive to foreign investors, said Wu Wen, an analyst with the Bank of Communications.
The reform will make it easier for foreign investors to invest in the Chinese financial market, revealing China's firm determination to further open up its financial market, said Liao Yijian, president and CEO of HSBC Bank (China).
A series of intensive financial opening-up measures have been implemented, and the pace of foreign financial institutions and foreign investors entering the Chinese market has never been more active, Liao said.
【国内英语资讯:Economic Watch: China lifts investment quota limit for QFII, RQFII amid financial opening-up】相关文章:
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