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China to Further Open Up Financial Sector: Daily

CHINA PRESS

China will continue to push for the opening up of its bond market to foreign capital, the internationalisation of the yuan and the convertibility of yuan accounts, reported the Economic Information Daily on Tuesday. The PBOC will continue to treat foreign companies equally as domestic firms on top of the negative list management system, the paper cited Yi Gang, the Governor of PBOC. China should continue to develop the yuan's pricing, settlement, trade, investment and reserve functions, while improving macro-prudential regulation to prevent external risks, the newspaper said citing Guo Shuqing, the head of the China Banking and Insurance Regulatory Commission.

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