日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Opening benefits financial sector

By Wu Yiyao in Shanghai | China Daily | Updated: 2017-06-21 07:05

Central bank chief warns on dangers of protectionism

Zhou Xiaochuan, governor of the People's Bank of China, China's central bank, said further opening up helps to build a strong and competitive financial sector in China.

Zhou said this in a speech on Tuesday in Shanghai at the Lujiazui Financial Forum 2017, an annual meeting focusing on the development of the financial sector and on issues in global economic development.

Opening benefits financial sector

Zhou Xiaochuan, governor of PBOC. [Photo provided to China Daily]

He said protectionism hurts China's financial sector. Protectionism and protectionist behavior limiting the participation of foreign players in China would lead to laziness and weakness, and will lead to weak competitiveness, hurting the industry's development.

"Protectionism ... will lead to unhealthy and unstable markets and institutions", he said.

"Looking back, since China introduced foreign-capital banks to the domestic market, domestic commercial banks have learnt a lot from competition and helped China's financial sector in terms of product evolution, market building, business models, management expertise. China's banks also have improved a lot in terms of efficiency, asset quality and corporate governance through competition-driven equity reforms and public offering," said Zhou.

China's financial institutions, which are also "going global", have benefited, said Zhou.

"A lot of domestic financial institutions have entered the global market and have adapted to international competition, and have experienced substantial changes, particularly in terms of risk management, pricing, and anti-money laundering," said Zhou.

Zhou said development and healthy trends in China's financial market have attracted the attention of the international bond market and emerging market index institutions, which illustrates that the financial services sector is competition-driven and has benefited from opening up.

"China's financial services sector ... is going to further open up," he said.

The second-phase development of renminbi cross-border interbank payment system will operate in Shanghai to facilitate wider international use of the renminbi, and financing projects related to the Belt & Road Initiative, said Zhou.

Zhou said financing for development, such as those playing active and positive roles in the Belt and Road Initiative, will also bring more opportunities to China's financial sector opening up and international cooperation.

While opening up, China's financial sector must always stick to risk-management standards and shall not tolerate highly leveraged, low-capital and non-performing loans, said Zhou.

Shanghai aspires to become a world-class financial hub and shipping services center by 2020, according to the city's long-term plan for the second decade of the century.

By the end of 2016, Shanghai had 1,515 financial institutions, and has attracted more foreign asset management companies.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 精品视频免费观看 | 久草福利| 亚洲欧美在线看 | 亚洲第一久久 | 免费色网| 久久综合久久综合久久综合 | 久久亚洲AV成人无码电影A片 | 国产精品亚洲一区二区三区在线 | 97超级碰碰视频在线 | 91福利视频合集 | 午夜影院在线视频 | 成年美女黄的视频网站 | 久久激情av| 欧美性影院 | 国产精品久久久久久久久软件 | 欧美日韩综合一区 | 天天操夜夜爱 | 精品欧美一区二区在线看片 | 九热 | 91精品久久久| 性视频网站免费 | 视频一区二区在线观看 | 1级毛片| 午夜亚洲精品 | www.久久久| 成人精品一区二区三区校园激情 | 国产亚洲综合一区二区 | 美国黄色毛片 | 日韩 欧美 亚洲国产 | 91精品国产乱码久久久久久久久 | 青草娱乐极品免费视频 | 偷拍亚洲制服另类无码专区 | 国产小视频在线高清播放 | 国产97色在线 | 亚洲 | 波多野结衣中文在线观看 | 午夜在线观看免费视频 | 中国一级毛片在线视频 | 欧美成人手机在线视频 | 国产欧美精品一区二区 | 日韩专区在线播放 | 九九av |