Xinhua News Agency, Beijing, November 29 (Reporter Wu Yu) "The practice of reform and opening up shows that the more open the field, the more competitive." Liu Guiping, the vice governor of the People’s Bank of China, said recently that it is necessary to promote construction with a high level of financial openness. New development pattern.

  Liu Guiping expressed the above views at the "2020 Annual Meeting of China Finance Society and Annual Meeting of China Finance Forum" held on the 28th.

In his view, through high-level opening up, more high-quality domestic and foreign financial resources can be introduced to participate in the domestic cycle, which is conducive to improving the effectiveness of financial support for trade development and providing companies with a unified global credit, marketing, management and service system for foreign investment. , Which will help to broaden the financing channels for enterprises to "go global" and better coordinate the resources of both domestic and international markets.

  "Expanding the opening up of the financial industry will inject new vitality into China's financial industry, help improve the overall competitiveness of China's financial industry, achieve higher-level, higher-level and healthier development, and provide tremendous momentum for building a new development pattern. "Liu Guiping said.

  Since the beginning of this year, the financial industry has made important progress in opening up.

Fitch became the second international rating company to enter the Chinese market after S&P. Many foreign financial institutions such as Goldman Sachs and Morgan Stanley have achieved controlling stakes in their joint securities companies in China. American Express initiated and established in my country The joint venture company has obtained a bank card clearing business license, and there is a clear timetable for the inclusion of Chinese government bonds in the FTSE World Treasury Index...

  "The new crown pneumonia epidemic has not disrupted the pace of my country's financial market opening." Liu Guiping said that in the next step, the People's Bank of China will continue to work with relevant departments to actively and steadily promote the independent opening of the financial industry.

Promote the systematic and institutionalized opening of the financial industry, and provide better financial services for various market entities participating in the domestic and international dual cycles.

Promote the opening of the financial market and the interconnection of infrastructure, and further facilitate foreign investors to use RMB to invest in domestic bonds and stocks.

Promote the internationalization of the renminbi steadily and prudently, and enhance the attractiveness of the renminbi in foreign trade, investment and financing, and financial market transactions.

  In addition, Liu Guiping said that the People's Bank of China will work with relevant departments to continuously improve the risk prevention and control system that is compatible with full opening.

Prevent systemic risks in cross-border capital flows, strengthen cross-border supervision and disposal cooperation, and prevent cross-border regulatory arbitrage and risk transmission.