Beijing sets sights on further opening
China DailyThe central business district in Beijing on Sept 7, 2018. Beijing will open its financial sector wider to the world in three years, as the city undertakes a major push to deepen reform and opening-up in the service industry, a vice-mayor said on Wednesday. Yin Yong, vice-mayor of Beijing, said the financial sector is on the top of the list of the capital city's opening-up undertakings. This year, Beijing plans to "launch a series of heavyweight financial institutions, foster and develop financial technology and green finance, promote the sector's opening-up and innovation, and improve the supervision system," Yin said. The plan said Beijing should step up efforts to streamline administration, delegate power to lower levels and improve regulation and services, seek to open the service sector wider, and create a sound business environment.