央行行长潘功胜答《金融时报》记者问

Core Insights - Financial industry opening is a crucial part of China's overall reform and opening-up strategy during the 14th Five-Year Plan period [2] Group 1: Financial Sector Opening - The institutional opening of the financial sector is steadily deepening, with efforts to enhance the connectivity of financial services and markets, optimizing mechanisms like Shanghai-Hong Kong Stock Connect and Bond Connect [2] - As of the end of July, foreign institutions and individuals held over 10 trillion yuan in domestic stocks, bonds, and deposits, with stock holdings exceeding 3 trillion yuan and bond holdings around 4 trillion yuan [2] Group 2: Internationalization of the Renminbi - The international status of the Renminbi is steadily rising, with improvements in cross-border usage arrangements and financial infrastructure, and bilateral currency swap agreements signed with 32 countries and regions [3] - The Renminbi has become the largest currency for China's external payments and ranks among the top three currencies for trade financing and payments globally [3] Group 3: International Financial Center Development - The construction of an international financial center is progressing, with support for Shanghai to become a global hub for Renminbi asset allocation and risk management [3] - Policies have been introduced to enhance the participation of international investors and to establish key financial institutions in Shanghai [3] Group 4: Business Environment Improvement - The business environment is becoming more friendly and inclusive, with significant improvements in cross-border trade and investment facilitation [4] - A diversified cross-border payment system has been established, including the Renminbi cross-border payment system and various retail payment systems [4] Group 5: Financial Risk Prevention - The ability to prevent financial risks in an open environment is continuously strengthening, with enhanced monitoring and assessment of cross-border financial risks [4] - Efforts are being made to promote a fair and reasonable global financial governance structure and to coordinate macroeconomic policies globally [4]