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China vows to continue opening financial markets

Bloomberg
Bloomberg9/30/2019 10:38 AM GMT+08  • 4 min read
China vows to continue opening financial markets
(Sept 30): China said it would continue to open up its financial markets and encourage foreign investment amid reports the Trump administration is considering restrictions on fund flows to China.
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(Sept 30): China said it would continue to open up its financial markets and encourage foreign investment amid reports the Trump administration is considering restrictions on fund flows to China.

“We will take further steps to promote high-quality, two-way financial opening and encourage foreign financial institutions and funds to invest in the domestic financial market to boost the competitiveness and dynamism of the domestic financial system,” according to a summary from the eighth meeting of the Financial Stability and Development Committee posted on its website Sunday.

The world’s two largest economies are heading into another round of high-level trade talks following China’s week-long national holidays starting Oct 1. A US crackdown on capital flows would present a new pressure point in the economic dispute, and could cause disruptions well beyond the tariffs on hundreds of billions of dollars worth of products the two sides have levied against each other.

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