Opening-up to continue

    Updated: 2012-02-04 09:03

    By Wang Xiaotian and Oswald Chen (China Daily)

      Comments() Print Mail Large Medium  Small 分享按鈕 0

    Opening-up to continue

    Vice-Premier Li Keqiang and other senior officials meet representatives of Bank of China at a ceremony marking the bank's 100th anniversary in Beijing on Friday. Li said China will continue its policy of opening up to the outside world and encourage its enterprises to compete equally in the process. [Photo / Xinhua]

    Vice-Premier Li stresses equality and expanding domestic demand

    BEIJING - China will continue its policy of opening-up to the outside world and encourage its enterprises to participate in equal competition in that process, Vice-Premier Li Keqiang said on Friday.

    He said the world's second-largest economy will implement a "proactive" strategy to promote further opening-up, and allow the market to play a bigger role in the economy as reforms have just entered a critical zone where "no progress means retreat".

    "Financial and other types of enterprises should seek opportunities and participate in competition on an equal basis during the opening-up," Li said, adding that both Chinese and foreign companies will benefit from such equal competition.

    Analysts said China could further open up its economy on the three fronts of trade, investment and finance.

    "The basis of China's strategic development is still to expand domestic demand, as the country is undergoing accelerating industrialization and urbanization," Li said.

    "China will continue to make more efforts to encourage domestic enterprises to go overseas," said Wang Haifeng, director of international economy at Institute for International Economic Research, a think tank under the National Development and Reform Commission.

    Zhang Yongjun, researcher at the China Center for International Economic Exchanges, said Li's speech implied that the government probably will put more attention on facilitating enterprises that are heading for overseas markets and becoming multinational groups so they can more closely connect with the world.

    The debt crisis in the West has led to a contracted value of Western enterprises and it could provide a good opportunity for Chinese firms to expand their international presence.

    Vice-Premier Li said that the ongoing changes in the world economic landscape amid global turmoil have provided huge potential for China to develop into an open economy, and enterprises will play a key role in that process.

    He made the remarks at a ceremony marking the 100th anniversary of Bank of China (BOC) in Beijing.

    He said BOC is a symbol of China's opening-up, and financial institutions should play a greater role in supporting the real economy - which produces goods and services - and facilitating more successful Chinese enterprises to explore the international market. "The real economy and the sustainable growth of the financial sector are mutually dependent."

    "The history of BOC illustrates that the real economy is the solid foundation of the development of financial institutions, especially the commercial lenders," said Xiao Gang, board chairman of BOC.

    "Now we are facing great business opportunities as enterprises go abroad. We will take root in China's economy and the demand of domestic clients, while establishing a large international banking group carrying cross-border advantages," he said.

    Premier Wen Jiabao also sent a letter to BOC to mark the anniversary. He encouraged the bank to keep improving its service to make more contribution to the country's economic development.

    As one of the four biggest State-owned commercial lenders in China, BOC is the only Chinese bank that has operated continuously for 100 years.

    In early November, it was selected as a systemically important global financial institution by the 20 Group executive body of the Financial Stability Board - the first time that a commercial lender from an emerging market has joined the "too big to fail" club.

    The market leader of the cross-border yuan settlement business announced earlier that the amount of such settlements it processed in 2011 exceeded 1.7 trillion yuan, among which its mainland operations accounted for about 780 billion yuan.

    BOC (Hong Kong) Ltd has handled business of more than 550 billion yuan as a participating bank, and the other overseas institutions processed more than 430 billion yuan.

    BOC (Hong Kong) Ltd and its branch in Macao were appointed by the central bank as the only yuan-clearing bank in the two special administrative regions.

    "The Bank of China and its subsidiary BOC (Hong Kong) will continue to play their vital roles in the yuan internationalization process," said Linus Yip, chief strategist at First Shanghai Securities Ltd.

    "As the central government will continue to support Hong Kong as the testing ground for yuan internationalization, BOC (Hong Kong) can leverage its unique advantages to consolidate its leading role in the offshore yuan businesses in the city. BOC (Hong Kong) still possess competitive edges in this regard."

    无码乱人伦一区二区亚洲| 无码国产精品一区二区免费16| 无码少妇一区二区三区浪潮AV| 欧美日韩v中文字幕| 久久综合精品国产二区无码| 亚洲欧美在线一区中文字幕| 无码毛片一区二区三区中文字幕 | 欧洲人妻丰满av无码久久不卡| 最近2018中文字幕在线高清下载| 97免费人妻无码视频| 中文字幕日韩理论在线| 狠狠躁天天躁中文字幕无码| 久久午夜无码鲁丝片午夜精品 | 亚洲中文久久精品无码ww16| 亚洲人成中文字幕在线观看| 久久久久无码中| 东京热无码av一区二区| 亚洲AV成人无码久久精品老人| 区三区激情福利综合中文字幕在线一区亚洲视频1 | 国产精品无码A∨精品影院| 成人午夜福利免费无码视频| 最近中文字幕mv免费高清在线| 中文字幕乱偷无码AV先锋| 无码不卡亚洲成?人片| 国产精品ⅴ无码大片在线看| 无码一区二区三区老色鬼| 中文字幕无码第1页| 精品久久亚洲中文无码| 中文字幕久久亚洲一区| 人妻少妇无码精品视频区| 中文字幕九七精品乱码| 天堂Aⅴ无码一区二区三区| 中文字幕无码播放免费| 中文字幕天天躁日日躁狠狠躁免费| 人妻丰满av无码中文字幕| 精品久久久久久无码中文字幕一区| 日韩久久久久久中文人妻| 亚洲综合日韩中文字幕v在线| 新版天堂资源中文8在线| 精品久久久久久久中文字幕| 亚洲天堂中文字幕在线|