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China To Expand Financial Opening Up - CBIRC Official

CHINA PRESS
MNI (Singapore)

China will expand the opening up of its financial industry by improving rules and standards, and accelerating the establishment of a financial system and regulatory model in line with the international community, 21st Century Business Herald reported citing Zhou Liang, vice chairman of China Banking and Insurance Regulatory Commission. The CBIRC encouraged domestic and foreign-funded financial institutions to cooperate in product, business, management, and personnel training using their advantages in capital, technology, and experience, said Zhou, speaking at the Financial Street Forum 2022. It will also build a financial safety net, and prevent and resolve various financial risks in a timely and effective manner, Zhou was cited as saying.

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China will expand the opening up of its financial industry by improving rules and standards, and accelerating the establishment of a financial system and regulatory model in line with the international community, 21st Century Business Herald reported citing Zhou Liang, vice chairman of China Banking and Insurance Regulatory Commission. The CBIRC encouraged domestic and foreign-funded financial institutions to cooperate in product, business, management, and personnel training using their advantages in capital, technology, and experience, said Zhou, speaking at the Financial Street Forum 2022. It will also build a financial safety net, and prevent and resolve various financial risks in a timely and effective manner, Zhou was cited as saying.