BOAO — Premier Li Keqiang said on March 28 that the country will continue to expand opening-up of its financial sector.
Premier Li made the remarks at the opening plenary of the Boao Forum for Asia annual conference in Boao, a coastal town in Hainan province.
China will further facilitate overseas-funded companies in setting up venture capitals and investment companies, and improve relevant rules on overseas investors’ strategic investment in listed firms and their mergers and acquisitions of domestic companies, Premier Li said.
He said the country will open up its bond market, and improve relevant regulations to make it easier for overseas investors to invest in and trade the country’s bonds.
China is speeding up opening-up of its banking, securities and insurance sectors to overseas investors, Premier Li said. The country has expanded the scope of businesses that overseas banks can run in China, removed the separate restrictions on the business scope of overseas-funded brokerages and insurance companies, and eased access restrictions on credit information, credit rating services, bank card clearing and non-bank payment.