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China sees guarding against systemic financial risks as the eternal theme of financial work, announcing it will set up a committee under the State Council to oversee financial stability and development during the National Financial Work Conference that wrapped up on Saturday.
China will continue to expand opening up in the banking, insurance and securities sectors, and work toward the goal of fully lifting restrictions on ownership and access for foreign banks, he said, adding that the financial sector will continue to be a priority for the country's opening up.
China supports Papua New Guinea in holding the annual summit of Asia Pacific Economic Cooperation (APEC) this year, and is ready to enhance bilateral coordination and cooperation under the APEC framework, Wang said.
China issued measures to further expand the opening up of the financial sector in July, allowing qualified foreign investment institutions to obtain the "A-class" licenses of lead underwriter, which can provide a broader service, and B-class licenses. "So the German demand is no longer a problem now, and the German institutions will receive more permission in the future," said the official.
China on Friday announced targeted measures to boost consumption, including improving the consumer market supply and speeding up the construction of the smart consumption ecosystem, in a move to foster steady growth in the economy amid the novel coronavirus outbreak.
来源：资阳报