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China's financial supervision needs to keep pace with new changes and phenomena in the sector, and supervision rules must be updated in a timely manner, Guo said.
China's open stance was reiterated at the Central Economic Work Conference at which economic work was mapped out for the next year.
China's consumer finance market is projected to grow to .6 trillion by the end of 2020, which is equivalent to the GDP of Mexico, representing a compound annual growth rate of 18 percent, according to market research company Oliver Wyman.
China's direct investment in countries and regions that are part of the Belt and Road Initiative is estimated to reach billion in 2020, up 100 percent from the levels seen in 2014, according to a new report from Commerzbank AG, Germany's second-biggest bank by assets.
China's consumer price index (CPI), a major gauge of inflation, rose 2.1 percent from a year earlier in July, beating expectations of 1.9 percent and staying well within the government's comfort range of below 3 percent.
来源：资阳报