Pan Gongsheng: We will steadily promote the high-level opening up of the financial industry.

CoinFeed reported on March 22 that, according to Jinshi News, Pan Gongsheng, Governor of the People's Bank of China, stated at the China Development Forum 2026 on March 22 that China will steadily promote high-level opening-up of the financial sector. This includes deepening the interconnectivity of financial markets and cross-border payment systems to facilitate investment in China's financial markets by more investors. China's stock and bond markets are both the second largest globally, with continuously improving market depth, resilience, and liquidity. As of the end of 2025, overseas institutions and individuals will hold over 10 trillion yuan in RMB financial assets, including stocks, bonds, deposits, and loans. We welcome overseas investors to participate in and invest in China's financial markets. In recent years, the internationalization of the RMB has made positive progress, providing more diversified currency options for domestic and foreign entities. Currently, RMB financing costs are relatively low.