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China on Friday said new rules governing insurers' investments will come into force on April 1, and the same will focus on governing the way funds are invested by insurers and on improving risk control.
China will continue to advance the two-way opening-up of its capital markets, said Pan, who is also head of the State Administration of Foreign Exchange.
China recently announced a series of opening-up measures including allowing foreign brokers to hold a majority stake in securities joint ventures.
China should have an expansionary and much stronger fiscal policy in order to increase public spending and prevent a further slowing of economic growth, said Yu Yongding, a senior economist at the Chinese Academy of Social Sciences. Yu spoke at a recent forum.
China respects that other countries have different legal systems, but hopes that relevant countries do not offer shelter for Chinese fugitives, nor facilitate their transferring of assets, the CCDI said.
来源：资阳报