Pan Gongsheng, Governor of the People’s Bank of China: Promote the internationalization of the RMB in a steady and orderly manner and maintain the security and scale stability of foreign exchange reserve assets

2023-10-21 11:15:00

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19:15[Pan Gongsheng, Governor of the People’s Bank of China: Promote the internationalization of the RMB in a steady and orderly manner and maintain the security and scale stability of foreign exchange reserve assets]On October 21, entrusted by the State Council, Pan Gongsheng, Governor of the People’s Bank of China, spoke at the 14th National People’s Congress The State Council’s report on financial work was delivered at the sixth meeting of the Standing Committee of the National Congress. He reported on the financial work situation since the fourth quarter of 2022.

Pan Gongsheng said that the level of institutional openness of the financial industry should be improved. On the premise of safety and controllability, we should further improve the pre-establishment national treatment plus negative list management system, build a regulatory system that is consistent with the requirements of high-level financial opening up, and improve the ability to control high-level opening up. We will solidly advance the filing and management of overseas listings and improve the management of domestic securities and futures investment funds of overseas institutional investors. Promote the formation of a normalized and sustainable Sino-US audit cooperation mechanism. Deepen cooperation with the Hong Kong capital market. Study and launch a package of cross-border trade and investment facilitation policies, and further promote trade and foreign exchange facilitation and other policy measures. Promote the internationalization of the RMB in a steady and orderly manner, build an early warning and prevention system for overseas investment risks, and maintain the security and scale stability of foreign exchange reserve assets. Adhere to the principle of multilateralism, actively participate in international financial cooperation and governance, and promote the development of global financial governance in a more fair and reasonable direction.

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