Opinions on Piloting Institutional Opening-Up in the Financial Sector by Aligning with International High Standards in Eligible Pilot Free Trade Zones (Ports)

China has issued a guideline to allow foreign financial institutions to launch new financial services in eligible free trade zones as domestic financial institutions, in a bid to further open up the financial sector.

Issuing Authorities: People's Bank of China, Ministry of Commerce, National Financial Regulatory Administration, China Securities Regulatory Commission, State Administration of Foreign Exchange

Issued on: Jan 16, 2025

Effective Date: From the date of issuance

Applicable Area: Pilot free trade zones (ports)

Type: National Policy

 

Chinese

 

• China promotes institutional opening-up in financial sector in FTZs