BEIJING, Aug. 3 (Xinhua) — The People’s Bank of China (PBOC), the central bank, said Monday that it will resolutely push forward the opening-up of the country’s financial industry in a sound and orderly manner.
Measures announced to open up China’s financial sector will continue to be implemented, the PBOC said in a video conference on its work in the second half of 2020.
It will promote a full implementation of the foreign investment administration model of pre-establishment national treatment plus negative list, advance the internationalization of the renminbi and capital account convertibility in a proactive and sound manner, and unify the foreign exchange management policies applied in the opening-up of China’s bond market.
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