Nihon Keizai Shimbun:

What overseas financial institutions have long been expecting is the openness of China's financial market; however, there are always some constraints that have not been removed. Why does China decide to open the financial market this time? What contexts, if any, or reasons are there for doing so? Thank you.

Zhu Guangyao:

The best answer to this question can be illustrated by President Xi's report delivered at the 19th CPC National Congress. According to the strategic plan, China will press ahead with opening up financial market access, fleshing out the related schedules and implementing blueprints for this. There is one more point that I would like to make it clear: despite the timing of China's announcement of wider financial market access during the meeting between the two heads of state of China and the United States, the openness is for all the countries in the world, which is the fulfillment of a commitment made in line with the principles of the WTO. As one of the important members of the WTO, China will unswervingly uphold the spirit of free trade and commit itself to the implementation of its principles. It will never close its door after opening up; on the contrary, the door can only swing open even wider. That is what President Xi has stressed time and time again. Thank you.

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