CCTV News: In recent years, my country has continued to make efforts in opening up the financial field, and a series of policy measures have been continuously implemented, injecting new vitality into the financial market and promoting the financial industry to a higher level of development.

As of now, my country has successively introduced more than 50 independent opening measures for the financial industry, significantly relaxing the restrictions on foreign investment market access in the financial services industry. In January this year, the People's Bank of China and five other departments jointly issued opinions, proposing 20 policy measures from six aspects: allowing foreign financial institutions to provide new financial services, optimizing approval time, and supporting the purchase of cross-border financial services, and taking the lead in trials in Shanghai, Guangdong and other places to promote financial institutional opening to a new height. The introduction of these policies has created a fairer, transparent and predictable market environment for foreign financial institutions. In an increasingly open and friendly institutional environment, foreign capital "new and old friends" continue to cast "votes of confidence" into the Chinese market. Data shows that as of now, 24 global systemic banks abroad have set up institutions in China, and nearly half of the 40 largest insurance companies abroad have entered China.

At present, my country's financial industry has formed a multi-channel and multi-level open pattern covering stocks, bonds, derivatives and foreign exchange markets. The scale of my country's bond market has steadily expanded and has ranked second in the world. As of the end of February, the custody balance of overseas institutions in my country's bond market was 4.3 trillion yuan.

At the same time, the degree of cross-border investment and trade facilitation has been continuously improved, and the diversified foreign exchange needs of market entities have been better met. At present, there are more than 40 types of tradable currencies in the interbank foreign exchange market in China, and the trading varieties cover the mainstream product system of the international foreign exchange market.

Not only that, the internationalization of the RMB is also steadily advancing. At present, the RMB's cross-border payment, investment and financing, reserves and other international currencies have steadily enhanced, and has become the world's sixth largest reserve currency. The latest data from the Global Banking Finance and Telecommunications Association (Swift) shows that in February this year, the RMB's share in transactions rose from 3.79% in January to 4.33%, the highest level since August last year, and continues to maintain its fourth largest payment currency in the world.

Experts said that my country's financial market is large in scale and develops rapidly, and the acceleration and deepening of my country's financial industry opening up to the outside world will bring major opportunities to global financial institutions.