Visions for the Future: China's central bank chief speaks in financial sector liberalization
[]
In his speech yesterday, Chinese President Xi Jinping pledged to further open up China's financial sector to foreign investors. And at a panel discussion this morning, China's central bank governor, Yi Gang told us how the next phase of the process would be achieved. Have a listen.
YI GANG, GOVERNOR PEOPLE'S BANK OF CHINA "In the next step, our opening up of the financial sector will follow three principles. The first is the implementation of national treatment and negative list management. The second is to align the process of opening up with the reform of the exchange-rate mechanism, and capital account convertibility. The third is to prevent financial risks. Our risk management capabilities should be compatible with the status of our opening-up process."