China should open up financial sector: Think tank
7 years, 6 months ago

China should open up financial sector: Think tank

China Daily  

HANGZHOU — China should open its financial sector as it is needed to realize sustainable economic growth, a leading Chinese think tank said Saturday. "The pace of financial opening up has fallen behind the real economy.. China has every reason to carry forward reform to realize sustainable economic development, prevent systematic financial risks and play a greater role in global economic governance," the report said. Domestic commercial banks have learned a lot from competition, with competition from foreign-capital banks helping China's financial sector in terms of product evolution, market building, business models and management expertise, Zhou said. During the two-day National Financial Work Conference in July, the Chinese leadership highlighted three tasks: making the financial sector better serve the real economy, containing financial risks and deepening financial reform.

China Financial Reform Report Chinese Open Sector Overseas Financial Sector Think Tank  china  tank  opening  reform  overseas  report  financial  banks  think  open  economy  chinese  sector

History of this topic

China's state council issues guidelines on advancing key areas in financial sector
Trending News
3 weeks, 3 days ago

China's state council issues guidelines on advancing key areas in financial sector

China Daily  

BEIJING - The General Office of the State Council has issued guidelines to accelerate efforts to build China into a country with a strong financial sector and promote development in five major areas, namely, technology finance, green finance, inclusive finance, pension finance and digital finance. High-quality financial services will be provided to support major national strategies, key sectors and weaker …

China's state council issues guidelines on advancing key areas in financial sector
Trending News
3 weeks, 3 days ago

China's state council issues guidelines on advancing key areas in financial sector

China Daily  

BEIJING - The General Office of the State Council has issued guidelines to accelerate efforts to build China into a country with a strong financial sector and promote development in five major areas, namely, technology finance, green finance, inclusive finance, pension finance and digital finance. High-quality financial services will be provided to support major national strategies, key sectors and weaker …

China's foreign trade upgrade thrives with financial support
2 months, 1 week ago

China's foreign trade upgrade thrives with financial support

China Daily  

A container ship leaves Qingdao Port, Shandong province. To a certain extent, the substantial growth financial institutions witnessed in new business models exemplified the accelerated pace of China's foreign trade in terms of digital transformation and innovation. The proactive support of financial institutions in these areas not only provides funding for foreign trade enterprises but also injects strong momentum into …

China to steadily push forward financial opening-up: central bank
Trending News
4 months, 3 weeks ago

China to steadily push forward financial opening-up: central bank

China Daily  

Xinhua | Updated: 2024-11-07 17:00 Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. BEIJING - China will steadily promote institutional opening-up of the financial service sector and the financial market, and expand connectivity between domestic and overseas financial markets, according to the central bank. China will continue to implement a supportive monetary policy, …

China to steadily push forward financial opening-up: central bank
Top News
4 months, 3 weeks ago

China to steadily push forward financial opening-up: central bank

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. BEIJING - China will steadily promote institutional opening-up of the financial service sector and the financial market, and expand connectivity between domestic and overseas financial markets, according to the central bank. China will continue to implement a supportive monetary policy, improve the quality and efficiency …

Key meeting to focus on real economy
8 months, 2 weeks ago

Key meeting to focus on real economy

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. China's new round of financial reform is expected to focus on improving the financial system's ability to better support the country's modernization drive, with a priority on bolstering technological innovation and the broader real economy, said financial experts and executives. Tian Xuan, associate dean of Tsinghua …

Top financial watchdog to aid development of foreign institutions in China
10 months, 2 weeks ago

Top financial watchdog to aid development of foreign institutions in China

China Daily  

A clerk counts cash at a bank in Nantong, Jiangsu province. The National Financial Regulatory Administration is planning to introduce more opening-up measures to address legitimate concerns of foreign institutions and improve regulations on foreign banks and insurers, thereby facilitating the development of foreign institutions in China, an official of the top financial watchdog told China Daily in an exclusive …

Two-way financial opening-up to expand more this year
1 year ago

Two-way financial opening-up to expand more this year

China Daily  

Participants share a lighter moment at a roundtable on Asian financial market development and financial globalization during the Boao Forum for Asia Annual Conference 2024 on Friday. FENG YONGBIN/CHINA DAILY China will work to further expand its financial opening-up this year as part of its efforts to attract more foreign investment and bolster the world's second-largest economy, officials and experts …

Foreign capital in financial sector in focus
1 year ago

Foreign capital in financial sector in focus

China Daily  

Yi Gang, deputy director of the Committee on Economic Affairs of the 14th National Committee of the Chinese People's Political Consultative Conference, delivers a speech during the ongoing two sessions on Thursday in Beijing. ZOU HONG/CHINA DAILY Chinese policymakers and political advisers during the ongoing two sessions have stressed the need to attract more foreign investment in the country's financial …

China holds major financial conference as leaders maneuver to get slowing economy back on track
1 year, 5 months ago

China holds major financial conference as leaders maneuver to get slowing economy back on track

Associated Press  

BANGKOK — China’s leaders are expected to search for ways to mend the country’s fractured property market, create jobs for millions of unemployed youths and spur faster growth in a meeting that reportedly began Monday in Beijing. The National Financial Work Conference, usually held twice a decade, is expected to further fortify leader Xi Jinping’s control of the country’s $61 …

Financial giants to further tap A shares
3 years, 7 months ago

Financial giants to further tap A shares

China Daily  

An investor checks stock prices at a brokerage in Fuyang, Anhui province. Foreign-invested financial institutions are racing to enter China's securities sector as the country pushes ahead to further open its domestic capital market. JPMorgan recently announced on its website that the China Securities Regulatory Commission has approved the registration of JPMorgan International Finance Ltd taking a 100 percent stake …

China to deepen financial opening-up, strengthen financial services for real economy
3 years, 8 months ago

China to deepen financial opening-up, strengthen financial services for real economy

China Daily  

Photo taken on Jan 14, 2021 shows a night view of Lujiazui in Pudong of East China's Shanghai municipality. Chinese Premier Li Keqiang on Wednesday heard a report on advancing financial opening-up at a State Council executive meeting, where he also chaired discussions on work related to greater financial openness and stronger financial services in boosting the real economy. The …

Shanghai to be financial hub for yuan-denominated assets
4 years, 2 months ago

Shanghai to be financial hub for yuan-denominated assets

China Daily  

An aerial view of Shanghai. Foreign institutions to increase participation in sectors like securities, insurance Although it is still uncertain as to how long COVID-19 will ravage humanity and wreak havoc on markets worldwide, indications point to Shanghai increasingly becoming a global business hub, and these views are supported by the many job ads posted shortly after the new year …

Shanghai to be financial hub for yuan-denominated assets
4 years, 2 months ago

Shanghai to be financial hub for yuan-denominated assets

China Daily  

An aerial view of Shanghai. Foreign institutions to increase participation in sectors like securities, insurance Although it is still uncertain as to how long COVID-19 will ravage humanity and wreak havoc on markets worldwide, indications point to Shanghai increasingly becoming a global business hub, and these views are supported by the many job ads posted shortly after the new year …

China's financial liberalization can unlock new opportunities
4 years, 2 months ago

China's financial liberalization can unlock new opportunities

China Daily  

Mr.ROSARIO STRANO, head of Intesa Sanpaolo’s China Strategic Project and former COO. In this episode, China Daily website talks with Intesa Sanpaolo, the largest Italian bank, which is also an opening-up beneficiary and contributor of Chinese financial market. We are in constant touch with the central authorities, and I believe Intesa Sanpaolo's projects in China represent a good example of …

Official: China's financial industry in smooth operation
4 years, 7 months ago

Official: China's financial industry in smooth operation

China Daily  

China's financial industry has been steadily operating with generally controllable risks, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission told Xinhua in an interview. This year, China has lowered the average reserve requirement ratio three times while providing financial institutions with 1.8 trillion yuan worth of re-lending and rediscount quotas, which effectively cranked up the development of …

Reforms bring big benefits for small firms
4 years, 9 months ago

Reforms bring big benefits for small firms

China Daily  

An employee counts money at a bank in Huaibei, Anhui province. Market-oriented measures set to boost efficiency of financial industry The recently announced financial reform package underscores the central authorities' intention to strengthen the capacity of China's financial industry in supporting smaller businesses to help facilitate a steady economic recovery and ensure stability in key areas, including employment and people's …

Technology, innovation boost financial inclusion in China
5 years, 7 months ago

Technology, innovation boost financial inclusion in China

China Daily  

An online store owner applies for a loan through a MYBank mobile phone app in Jingdezhen, Jiangxi province. Digital financial inclusion will bring changes to financial concepts and the organizational structure of financial institutions, restructure their business procedures, and improve their data integration capability and technical skills," said Zeng in delivering a report at the second China financial inclusion innovation …

Poised to make a difference
5 years, 11 months ago

Poised to make a difference

China Daily  

Chinese and international students of Shanghai Advanced Institute of Finance at Shanghai Jiao Tong University, who come from diverse backgrounds, enjoy studying and socializing together. The major tasks include the addition of new areas for the China Pilot Free Trade Zone, launching a science and technology innovation board on the Shanghai Stock Exchange and an experimental registration-based system for initial …

Finance standards to be unified
6 years ago

Finance standards to be unified

China Daily  

Yi Gang, governor of the People's Bank of China, discusses with Jacob Lew, former US Treasury secretary, during the China Development Forum 2019 in Beijing on Sunday. Central bank governor says move will improve domestic, foreign capital markets China will upgrade its financial opening-up tasks for this year by unifying regulatory rules for domestic and foreign players in the financial …

China's financial sector more open to fintech: CFA Institute
7 years, 7 months ago

China's financial sector more open to fintech: CFA Institute

China Daily  

China's financial sector more open to fintech: CFA Institute Xinhua | Updated: 2017-08-15 17:15 BEIJING - China's financial sector has shown more openness to new technology than many developed markets, according to a senior manager with the Chartered Financial Analyst Institute. The CFA Institute, a leading global association of financial professionals, issued a report based on surveys of senior financial …

Keeping financial risks at bay
7 years, 8 months ago

Keeping financial risks at bay

China Daily  

To defuse financial risks, especially systemic ones, is a fundamental task, and this explains why China unveiled a series of reform plans at a recent National Financial Work Conference to safeguard its financial security and promote the financial sector's efficient and sound operation to lubricate its sustainable and healthy economic and social development. Since the 18th National Congress of the …

Guarding against risks for a sound financial sector
7 years, 8 months ago

Guarding against risks for a sound financial sector

China Daily  

President Xi Jinping speaks at the National Financial Work Conference in Beijing July 15, 2017. The two-day National Financial Work Conference, which ended in Beijing on Saturday, made containing financial risks one of the country's top priorities. And in its 2017 China Financial Stability Report released early this month, China's central bank, People's Bank of China, pointed to "the risk …

Financial reform plans unveiled to serve real economy in sustainable manner
7 years, 8 months ago

Financial reform plans unveiled to serve real economy in sustainable manner

China Daily  

President Xi Jinping speaks at the National Financial Work Conference in Beijing July 15, 2017. BEIJING - China unveiled reform plans Saturday to improve the financial sector's capabilities to serve the real economy while guarding against systemic risks. Three tasks are highlighted in the meeting, including making the financial sector better serve the real economy, containing financial risks and deepening …

Reform in financial sector imperative for progress
7 years, 9 months ago

Reform in financial sector imperative for progress

China Daily  

A bank clerk tells a customer how to use the mobile banking services at a bank in Nantong, Jiangsu province, Sept 21, 2016. Healthy financial institutions are a prerequisite for preventing a financial crisis, as central bank governor Zhou Xiaochuan rightly pointed out at this year's Lujiazui financial forum in Shanghai on Tuesday. In the Government Work Report he delivered …

Beijing, Shenzhen and Shanghai score top three cities in latest report
7 years, 10 months ago

Beijing, Shenzhen and Shanghai score top three cities in latest report

China Daily  

The latest report by a think tank has revealed Beijing, Shenzhen and Shanghai are the top cities in China with the highest level of financial development, as well as support for innovation and entrepreneurship. According to the Innovator and Entrepreneur Finance Index, which was published by the Shenzhen-based China Development Institute on Thursday, Beijing scored the highest rank of 77.18, …

Beijing, Shenzhen and Shanghai score top three cities in latest report
7 years, 10 months ago

Beijing, Shenzhen and Shanghai score top three cities in latest report

China Daily  

The latest report by a think tank has revealed Beijing, Shenzhen and Shanghai are the top cities in China with the highest level of financial development, as well as support for innovation and entrepreneurship. According to the Innovator and Entrepreneur Finance Index, which was published by the Shenzhen-based China Development Institute on Thursday, Beijing scored the highest rank of 77.18, …

Support for real economy
8 years ago

Support for real economy

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing, March 30, 2016. The People's Bank of China and the Ministry of Industry and Information Technology, together with the country's banking, securities and insurance regulators, jointly issued a guideline recently aimed at providing greater financial support …

China's financial risks controllable: official
9 years ago

China's financial risks controllable: official

China Daily  

BEIJING -- China will be able to keep financial risks under control as financial processes develop, a senior official of China's cabinet research office said Saturday. China's financial system is sound overall, although the overuse of some financial tools could cause certain risks, said Huang Shouhong, deputy director of the State Council Research Office, at a news conference. The government …

China to increase financial support for industrial upgrade
9 years, 1 month ago

China to increase financial support for industrial upgrade

China Daily  

A stevedore works at Qingdao port in Shandong province, July 1, 2015. BEIJING - China will increase financial support to its industries as they are being encouraged to transform themselves amid the country's industrial upgrades, an official document said on Tuesday. China will expand credit to industrial enterprises, make capital and insurance markets more helpful and innovate in corporate financing …

Bank chief stresses financial security for more open China
9 years, 4 months ago

Bank chief stresses financial security for more open China

China Daily  

BEIJING - China must build a more effective financial security system to cope with possible overseas attacks or sanctions, according to the governor of the country's central bank. Financial security is essential to a national security, and the success of financial reform hinges on stability in the sector, Zhou Xiaochuan said in an article published in the People's Daily on …

China to modernize financial market system
9 years, 4 months ago

China to modernize financial market system

China Daily  

BEIJING - China will modernize its financial market system in the next five years, said a senior official of the central bank. Pan Gongsheng, deputy head of the People's Bank of China, said at a forum on Saturday that more financial business will be carried out to make the market more elastic. Internet financing, venture investment funds, industrial investment funds, …

Chinese financial market in process of opening up: US expert
9 years, 9 months ago

Chinese financial market in process of opening up: US expert

China Daily  

NEW YORK- China has made a couple of positive steps in developing its financial sector and it will build up a free and open capital market eventually, Paul Gruenwald, Standard & Poor's chief economist for the Asia-Pacific region said on Monday. In a meeting held by the Foreign Press Center in New York, Gruenwald listed several developments China had made …

Reform financial industry to serve real economy
10 years, 8 months ago

Reform financial industry to serve real economy

China Daily  

Repeatedly pressing State-run banks to make loans to small and microenterprises, without restructuring the financial industry, cannot solve the root causes of their financing difficulties, said an article in Southern Metropolis Daily. Excerpts: Premier Li Keqiang urged relevant parties to help small and microenterprises overcome their financing difficulties on Wednesday by quoting from British novelist Arthur Hailey's 1975 work, The …

Guangdong to deepen financial reforms
10 years, 9 months ago

Guangdong to deepen financial reforms

China Daily  

GUANGZHOU - The government of South China's Guangdong province said on Wednesday that it will deepen financial reforms and encourage more private capital into the financial market. Social capital and provincial enterprises will be supported to participate in the capital increase, and share expansion and restructuring of such local financial institutions as rural, urban commercial banks or rural credit cooperatives, …

China is set to revamp its financial sector[1]
11 years, 8 months ago

China is set to revamp its financial sector[1]

China Daily  

CUSTOMIZED SERVICE: Zhang Hong, customer relations manager at Zhejiang-based Taizhou Bank, visits a clothing shop owner to discuss his financing needs on March 18. The bank has rolled out new services to meet the financial needs of small and micro-sized enterprises As China looks to transform its growth model, the country recently laid out guidelines to ensure that the financial …

Financial reforms 'should benefit real economy'
12 years, 2 months ago

Financial reforms 'should benefit real economy'

China Daily  

IMF deputy managing director warns a misshaped industry will send development down wrong track Financial reform in China should place a priority on meeting the needs of the real economy, or the part of the economy pertaining to goods and services, Zhu Min, deputy managing director of the International Monetary Fund, said on Tuesday. "A misshaped financial industry won't stimulate …

Control banks' asset risks
13 years ago

Control banks' asset risks

China Daily  

Internal governance mechanisms and effective monitoring needed to ensure healthy operations of the financial sector Zhou Xiaochuan, the governor of China's central bank, in response to widespread criticism of the large profits reaped by the country's banking sector, said at a news conference on Monday that changed economic cycles have contributed to the high but not exorbitant profit growth of …

Meeting on financial reform path
18 years, 2 months ago

Meeting on financial reform path

China Daily  

By Bing Lan Updated: 2007-01-19 07:28 China's top-level conference for the development of the financial sector, to be held today and tomorrow in Beijing, will chart the guidelines for the next stage reforms. The remodeling of management mechanism for State interests in financial institutions is expected to be the issue that attract most attention at the 2007 conference because of …

Meeting on financial reform path
18 years, 2 months ago

Meeting on financial reform path

China Daily  

By Bing Lan Updated: 2007-01-19 07:28 China's top-level conference for the development of the financial sector, to be held today and tomorrow in Beijing, will chart the guidelines for the next stage reforms. The remodeling of management mechanism for State interests in financial institutions is expected to be the issue that attract most attention at the 2007 conference because of …

Discover Related