China Plans On Opening Up
Posted on 03/07/2024
The People’s Bank of China says opening up the economy is planned. The bank will work with regulators to allow foreign investment to more easily reach the country. There will also be more emphasis on helping Chinese companies do business abroad. Payment services and security will be emphasized and strengthened.
The goals are to attract investment in China’s financial market, support Chinese enterprises going public and issuing bonds overseas, and assist China’s sovereign wealth funds and others to make a greater impact overseas. An internationalization of the RMB currency is also expected.
