Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
MNI (Beijing)
     BEIJING (MNI) - China will further open up its markets and improve rights
protection for private and foreign companies despite trade conflicts, Han
Wenxiu, a deputy director of the Office of the Central Commission for Financial
and Economic Affairs, said at a conference Friday following the conclusion of
the Fourth Plenary Session of the 19th Central Committee of the Communist Party
of China yesterday. 
     Here are the key takeaways from economy-related comments by Han, who sat
with five other officials in charge of separate portfolios:
     - China will positively boost the development of the Belt & Road Initiative
and diversify external markets to manage a changing global environment, said Han
when asked about the difficult China-U.S relationship.
     - China will continue to open up its markets, relax access restrictions,
facilitate foreign investment and enhance the role of pilot free trade zones and
free ports
     - China will enforce the Foreign Investment Law effectively to promote fair
competition among Chinese and foreign companies and enhance protection of
intellectual property and commercial secrets.
     - China will deepen the reform of state-own companies, mainly in sectors
crucial to national security and economic lifelines. Regulators will strengthen
the scrutiny over fair competition among SOEs, private and foreign companies.
     - China will expand the middle class by improve income redistribution.
--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MC$$$$,MI$$$$,MT$$$$,MBQ$$$,MGQ$$$]

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.