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China has vowed to keep opening up its financial sector while controlling risks, with the country introducing 34 opening-up policies in the banking and insurance sectors in the past two years, including expanding the business scope of foreign-invested firms and easing market access.

China has provided continuous support to the growth of those firms, including lowering financing costs and improving the operating environment.

China has taken concrete steps in market-oriented reforms in line with WTO rules, said Zhou Xiaochuan, former governor of the People's Bank of China, the central bank, on Wednesday.

China has promised to let US credit rating agencies do business on their own, remove the cap on foreign ownership of Chinese banks and asset management companies, and lift limits on investment in securities houses.

China has set its economic growth target for 2019 at 6-6.5 percent, after reporting a growth of 6.6 percent last year.