在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

USEUROPEAFRICAASIA 中文雙語(yǔ)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: 色吧综合 | 亚洲激情在线 | 成人深夜福利 | 韩国三级av | 亚洲国产成人av | 欧美精品网 | 亚洲va视频| 亚洲免费大片 | 午夜免费剧场 | 日本免费在线观看 | 欧美高清一区二区 | 97免费在线视频 | 黄色一级大片 | 免费一级大片 | 亚洲欧美一区二区三区四区 | 国产自在线 | 国产欧美精品 | 亚洲精品18在线观看 | 久久综合国产 | 中文字幕一区二区三区乱码 | 国产精品久久视频 | 免费观看一区二区三区 | 麻豆av免费| 欧美极品一区 | 亚洲黄色大片 | 成人午夜又粗又硬又大 | 黄色三级网| 丨国产丨调教丨91丨 | 国产视频一 | 老司机午夜免费精品视频 | 亚洲第一色网 | 91av在线看| 亚洲国产精品久久久 | av资源在线| 国产黄色免费看 | 在线看片你懂的 | 99视频在线播放 | 国产伦精品一区二区三区在线 | 久婷婷| 黄在线观看 | 亚洲综合图片区 |