Economic Watch Foreign financial institutions pin hope on Chinas opening market

k8dc17.com凯发

2018-11-08

BEIJING,(Xinhua)--ForeignfinancialinstitutionshavebeenbeneficiariesofChinasopening-upandreform,andareexpectedtogainmorefromthecountryslong-anticipatedeasingofforeigninvestmentcurbs,,foreignbankshavebeenindispensableplayersinthecountry,presidentandCEOofCitibank(China)CompanyLimited,hasnoted,thebank,likemanyotherforeignonesinChina,,Citibank(China)hasboomedinitsnumberofenterprisesandinstitutionalandindividualcustomers,,presidentandCEOofHSBCBank(China)CompanyLimited,echoedLam,sayingthatHSBCparticipatesinandsupportsChinasfinancialmarketopening-up,throughexpandingitsbusinessscope,,foreignbankshadsetupatotalof41localincorporations,,thenumberofforeign-investedbusinessoperatorscameinat1,,foreignfinancialinstitution,TemasekhasbeenexpandingitsinvestmentsinChinaduetorisingconfidenceinthecountryseconomicdevelopment,saidWuYibing,ssecondlargestinvestmentdestinationafterSingapore,"opening-up"arewelcomedbyforeignfinancialinstitutions,suchasabolishingtherestrictionsontheshare-holdingratioforforeigninvestmentinbankandassetmanagementcompanies,encouragingforeignparticipationinthefinancialandbankingsectors,relaxingbusinessscopesofforeigninvestmentinsurancecompaniesaswellasotherareas."Itisveryinspiringtomarketparticipantsathomeandabroadtoseetheroad-mapdrawnbyChinatoestablishamoreopen,activemarketeconomy,whichwillalsobenefittheforeignbanksinvolved,"sfinancialsectorinanall-aroundway,andonlyChinacanprovidesuchanopportunityforforeigninvestment,,foreigninstitutionswillfocustheirbusinessesonadjustingtoChinahinaseconomictransformation,tosupportandparticipateinthefinancialreformandopening-upofthecapitalmarket,tohelpadvancetheinternationalizationoftheyuan,tohelpimplementtheBeltandRoadInitiative,andtoincreaseitslayoutintheGuangdong-HongKong-MacauBayArea."Foreigninstitutionshavemoreopportunitiesandwewillsearchforcooperationinemergingsectorssuchasartificialintelligence,electriccars,lifesciencesandtechnologylogisticssolutions,",CEOofStandardCharteredChina,holdsthesameviewthatcompanieswilltakeadvantageofChinaspoliciesandgroweconomicallywiththecountry.。