(Source: "CCTV Finance" 2025-01-25)

The People's Bank of China, the Ministry of Commerce, the State Administration of Financial Supervision, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange recently jointly issued the "Opinions on Promoting Institutional Opening in the Financial Sector in the Pilot Free w88 Zone (Port) in Conditional Free w88 Zones (Port) by Aligning with International High Standards" (hereinafter referred to as the "Opinions"), proposing 20 policy measures from 6 aspects to further promote the institutional opening of the Pilot Free w88 Zone (Port).

What are the characteristics and highlights of these measures? What are the implications for investors and financial markets? In this regard, the Economic Voice "Financial Attitude" interviewedAssociate Professor Bian Yang, China w88 casino of Finance, w88 casino。

Associate Professor Bian Yang, China w88 casino of Finance, w88 casino, A major feature of the "Opinions" is the emphasis on the principle of internal and external consistency. Foreign-funded financial institutions can carry out new financial services similar to those of Chinese-funded financial institutions in the pilot areas, such as wealth management, asset management, securities and insurance business, etc., which broadens the business scope of foreign-funded financial institutions and expands the open boundaries of financial services. It helps to introduce internationally advanced financial service concepts and service models.

The "Opinions" optimize administrative approval services related to securities, futures, and banking and insurance financial services, and also propose to facilitate and standardize the cross-border flow of data from financial institutions in pilot areas. Bian Yang said that optimizing approval services will help speed up the allocation of financial market resources and attract more financial institutions to settle in pilot areas. Exploring the establishment of a "whitelist" system for cross-border circulation of financial data will provide more convenience for the development of related businesses.

The "Opinions" support the development of international arbitration and mediation services in pilot areas and the creation of a one-stop, diversified and international financial dispute resolution platform of "commercial mediation + international arbitration". Bian Yang believes that these measures provide more guarantees for resolving cross-border financial business disputes and enhance investor confidence. In addition, the issuance of the "Opinions" is expected to bring more diversified investment channels and realize the globalization of asset allocation. Some high-quality elderly care products are expected to enter pilot areas, and some more mature digital financial applications can also be used for reference. For the domestic financial market, its resilience and stability will be enhanced, and its degree of internationalization will be further enhanced.

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