Chinese vice-premier vows further opening up of financial sector

Vice-Premier He Lifeng of China vowed to further open up the country's financial sector during a meeting with the National Financial Regulatory Administration’s International Advisory Council in Beijing on Tuesday. The council consists of current and former leaders from foreign financial firms and institutions. He emphasized accelerating the development of a modern financial powerhouse and welcomed deeper cooperation with more foreign financial institutions. At the meeting, Vice-Premier He also discussed China's economic and trade relationship with the United States, referencing recent talks between him and US Treasury Secretary Scott Bessent in Malaysia that resulted in "basic consensuses." Council members expressed optimism about China’s economic prospects and their willingness to continue investing and expanding cooperation in the Chinese market.

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