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Since 2018, Chinese authorities have given approval to foreign banks and insurers to set up nearly 100 institutions in China, said Zhou Liang, vice chairman of the China Banking and Insurance Regulatory Commission (CBIRC) at a forum during the CIFTIS.
Transactions involving foreign exchange and overseas renminbi business will be streamlined, along with stronger financial support for the overseas projects, she added.
Rigorous fiscal discipline must be enforced. Any fraudulent reporting, false claims, retention and embezzlement of the funds will be strictly dealt with. The meeting urged making the macro policies more targeted and effective and create a more enabling environment to help market entities survive and thrive. It called for intensifying reform, firming up confidence for development, and taking concrete steps to fulfill this year's targets and tasks for economic and social development.
The ministry urged provincial governments to improve government reserves of special emergency supplies, and encourage companies to ramp up backup production capacity or ability to refit production lines for emergency medical supplies.
Xi underlined sticking to a people-centered development philosophy, and rolling out more supportive measures on aiding enterprises, cutting their burdens, stabilizing jobs, and expanding employment.
来源：资阳报