Group 1 - The People's Bank of China and financial management departments have implemented multiple measures to promote high-level financial openness and enhance the competitiveness of the financial system [1] - The construction and development of the Cross-Border Interbank Payment System (CIPS) is being continuously promoted, with significant progress in cross-border payment scenarios involving digital currency and bilateral currency swaps [1][2] - As of June, the custody balance of foreign institutions in China's bond market reached 4.3 trillion yuan, with foreign investment in domestic stocks and funds increasing by 10.1 billion USD [2] Group 2 - The focus for the next phase of financial openness includes advancing the internationalization of the renminbi, enhancing its financing functions, and developing the offshore renminbi market [3] - The issuance of panda bonds has been active, with 111.2 billion yuan issued in the interbank market this year, and foreign government institutions accounting for 50% of the issuance [2] - The People's Bank of China has signed bilateral currency swap agreements with 32 countries and regions, with an outstanding balance of 81.8 billion yuan in use [2]
金融业高水平开放 稳步拓展
Jin Rong Shi Bao·2025-08-04 02:39