BEIJING, Feb. 13 (Xinhua) -- China will continue to open up its financial market with measures to issue in succession in the Chinese mainland, according to the State Administration of Foreign Exchange (SAFE).
In fact, since a week before the Spring Festival, policies including the opening-up of the credit rating market, the liberalization of qualified foreign institutional investors access and investment scope, and issuance guidelines of the panda bonds have been released one after another. At the same time, a number of financial market opening-up measures are in the pipeline.
China will promote the convertibility of capital projects and further open up financial market. Besides, local authorities of China have made relevant arrangements for financial opening-up, such as Guangdong's proposal of establishment of an international commercial bank in Guangdong-Hong Kong-Macao Greater Bay Area, said Pan Gongsheng, deputy governor of the People's Bank of China as well as director of State Administration of Foreign Exchange, recently in a byline report. (Edited by Bao Nuomin, baonuomin@xinhua.org)
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