China's banking, insurance sectors to further open up
China's banking and insurance sectors are seeing a series of opening-up measures taking place, an official with the country's top banking and insurance regulator said Thursday.
Wang Zhaoxing, deputy chairman of the China Banking and Insurance Regulatory Commission (CBIRC), made the remark at the Annual Conference of Financial Street Forum 2019 in Beijing.
China will continue to optimize the access conditions for foreign banks and insurance institutions under the premise of effective risk prevention, according to Wang.
A total of 12 new rules were released by the CBIRC on May 1, demonstrating China's confidence and resolution to boost high-quality development of its financial sector and real economy through opening up, Wang said.
"As of now several measures are taking effect, with very positive reaction from the market and international community. Financial institutions from many countries and regions have expressed their willingness for further expansion in China, several of which have filed applications for access," Wang said.
本文重点词汇
banking银行业; 把存入银行; 开账户,存款; 倾斜飞行; bank的现在分词
insurance保险; 保险业; 保险费; 保费
sectors部门,领域,行业; 区域,地带; 扇形; sector的复数
further较远,更远; 较远,更久远; 进一步; 在更大程度上; 在更大范围内; 更多的; 更进一步的; 附加的; 促进; 增进; far的比较级
open up将开封; 拆开; 开放; 开通; 出现; 产生; 取得; 打开的门; 打开话匣子; 敞开心扉
a series of一系列; 许多
under the premise【法】在某种条件下
according to据; 按; 依照; 按照; 根据
financial sector财政部门
positive reaction积极反应
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