China's central bank plans high-level financial opening-up, attracting foreign-funded institutions and promoting RMB internationalization.
China's central bank, PBOC, plans high-level financial opening-up, aimed at attracting foreign-funded financial institutions and long-term capital. The PBOC will support Chinese financial institutions to expand overseas, facilitate cross-border trade, investment and financing, and promote the internationalization of the RMB. Efforts include upholding Hong Kong's status as an international financial center and supporting Shanghai's growth as an international financial center.
March 06, 2024
3 Articles