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China will open up bank card clearing, remove restrictions on the operational scope of insurance agencies, and ease or cancel limits on foreign holdings in companies in banking, securities, funds, futures, and financial asset management.
China's benchmark CSI 300 index has seen about a 27 percent increase this year, in dollar terms, beating the S&P 500 by more than 13 percentage points. Shenzhen's tech-focused ChiNext has risen some 59 percent, on the same basis, exceeding the US tech benchmark, the Nasdaq Composite.
China will not make replacing the status of other currencies a major objective, he added.
China will strengthen counter-cyclical adjustments in its macro policy, continue to implement the proactive fiscal policy and the prudent monetary policy, make pre-emptive adjustments and fine-tune policies at the proper times, and ensure stable aggregate demand, according to the annual Central Economic Work Conference concluded last week.
China's National Equities Exchange and Quotations saw the debut of five new small- and medium-sized enterprises in the first week after the Spring Festival holiday. [Photo/IC]
来源：资阳报