Improve the level of opening up the capital account, support enterprises in "going global," and promote the inflow of global capital

LightningPacketLoss · 2026-03-24T09:05:59+00:00

CCTV News: At the China Development Forum 2026 Annual Meeting held on March 23, participating guests stated that during the "15th Five-Year Plan" period, China will promote the internationalization of the yuan and enhance the openness level of capital account items. This will not only serve Chinese enterprises in "going global," but will also accelerate the process of attracting global capital "coming in."Deputy Governor of the People's Bank of China and Director of the State Administration of Foreign Exchange Zhu Hexin stated that currently, over 90% of China's capital account items have achieved varying degrees of openness. Looking toward the "15th Five-Year Plan," China will place greater emphasis on institutional openness requirements and continuously enhance the coordination and alignment between capital account openness and the country's economic and financial reforms, development, and the yuan internationalization process.Zhu Hexin stated that for already-opened items, efforts will be made to make management frameworks clearer, rules more unified, and procedures more convenient, in order to achieve the goal of more stable expectations. For areas where conditions permit, the pace and intensity of opening will be carefully managed.

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2026-03-24 09:05:59

CCTV News: At the China Development High-Level Forum 2026 Annual Meeting held on March 23, participating guests stated that during the “14th Five-Year Plan” period, China will promote the internationalization of the Renminbi and improve the openness of the capital account. This will not only serve Chinese enterprises in “going global” but also accelerate the attraction of global capital.

Zhu Hexin, Vice Governor of the People’s Bank of China and Director of the State Administration of Foreign Exchange, said that currently, over 90% of China’s capital projects have achieved varying degrees of openness. Looking toward the “14th Five-Year Plan,” China will emphasize institutional openness requirements, continuously enhance the synergy and alignment between capital account openness, national economic and financial reform, and the internationalization of the Renminbi.

Zhu Hexin stated that for projects already open, efforts will be made to make management frameworks clearer, rules more unified, and procedures more convenient to achieve more stable outcomes. For areas with conditions, the pace and intensity of opening will be well managed to better serve technological innovation, the real economy, and the long-term allocation of capital.

Currently, Chinese financial institutions are enhancing cross-border financial services to meet the asset allocation needs of overseas investors and “going global” enterprises.

Zhang Wenwu, General Manager of CITIC Group, said that improving cross-border settlement service capabilities, aligning with international rules, deepening cross-border interconnection of payment systems, and smoothing cross-border capital flow channels are key. Expanding the innovative application of digital RMB in cross-border e-commerce, bulk commodities, international logistics, and other scenarios will efficiently promote cross-border settlement and financing, improving global fund management efficiency.

(Edited by: Wen Jing)

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