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MNI BRIEF: China Should Accelerate Financial Market Innovation

MNI (Singapore)
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China should promote the opening up of its financial industry by accelerating innovation in foreign exchange, securities and commodity futures markets to provide diversified trading services and risk hedging tools, said Lou Jiwei, former finance minister at the Global Asset Management Forum in Beijing on Saturday.

It is necessary to strengthen the establishment of the country's international financial centre, including innovations in offshore financial markets and allowing some international access to the onshore market, said Lou.

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China should promote the opening up of its financial industry by accelerating innovation in foreign exchange, securities and commodity futures markets to provide diversified trading services and risk hedging tools, said Lou Jiwei, former finance minister at the Global Asset Management Forum in Beijing on Saturday.

It is necessary to strengthen the establishment of the country's international financial centre, including innovations in offshore financial markets and allowing some international access to the onshore market, said Lou.

Keep reading...Show less