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China will advance reforms to make the capital market better serve the real economy. And the capital market will open wider to foreign investors in a steady way and domestic brokerages will expand business overseas, Jiang said.
China launched a deposit insurance system in 2015, announcing that accounts with deposits of up to 500,000 yuan (,863) per depositor will be insured if a bank suffers insolvency or bankruptcy.
China now has four such demonstration zones. The latest two were in Jinzhong, Shanxi province, and Nanjing, Jiangsu province, both approved by the State Council in November.
China underwent its seventh Trade Policy Review (TPR) by the WTO from July 11 to 13, during which Azevedo told Chinese media that China's major achievements during this period also include lifting more than 500 million people out of poverty.
China will actively consider joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
