High-standard financial opening up a priority for China, says official

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China will continue to promote high-standard financial opening up and make its policies more transparent and predicatable, Pan Gongsheng, governor of the People's Bank of China, said on Wednesday.

China will expand the opening up of financial services and the financial markets, improve the business environment for foreign financial institutions and make the country a more attractive place for foreign financial institutions and long-term capital, Pan told the media at a press conference on the sidelines of the ongoing session of China's top legislature.

"We support Chinese financial institutions going global and expanding their international market," he added, noting that China will also steadily expand the two-way opening up of its financial market.

The second session of the 14th National People's Congress held a press conference at the Media Center Hotel in Beijing on Wednesday, briefing domestic and foreign media on issues regarding development and reform, financial and budget, commerce and financial securities.

(A creative image based on the Futian District of Shenzhen, south China's Guangdong Province. /CFP)