MNI BRIEF: China To Continue 'Financial Opening' Push

China will better facilitate cross-border investment and financing, attracting more foreign financial institutions and long-term capital to the Chinese market, Xinhua News Agency reported Tuesday following the conclusion of the sixth national financial work conference.

Shanghai and Hong Kong will both receive support to enhance their competitiveness as international financial centers, whilst domestically, the government should coordinate financial openness with security and unblock channels that allow funds to enter the real economy.

Relevant departments should promote the development of tech finance, green finance, inclusive finance, pension finance, and digital finance. Overall, China must promote high-level financial opening up by steadily expanding institutional opening whilst balancing financial and economic security.