Central Bank: Proceeding with orderly financial high-level opening up to the outside world.
The People's Bank of China issued a proposal for the high-quality completion of the "Two Sessions" in 2025, highlighting the orderly promotion of high-level financial opening to the outside world. In 2025, representatives and members combined their practical duties to put forward a series of policy proposals related to expanding high-level financial opening to the outside world, promoting the internationalization of the renminbi, and deepening international financial cooperation. They called for deepening institutional opening in the financial field to the outside world. Improving the connectivity between domestic and foreign markets, facilitating more investors to invest in China's financial markets, supporting the construction of the Shanghai International Financial Center, and consolidating and enhancing the status of the Hong Kong International Financial Center. Enhancing the policy arrangements for the cross-border use of the renminbi. By comprehensively utilizing currency swap arrangements, clearing banks, financial markets, and other channels to provide renminbi funds of different maturities, creating a better environment for domestic and foreign entities to hold and use renminbi, and steadily promoting the internationalization of the renminbi. Actively participating in international financial governance and cooperation. Continuing to deepen cooperation with international organizations such as the International Monetary Fund and multilateral development institutions, actively participating in global macroeconomic policy coordination and the formulation of international financial regulatory rules. Continuing to promote reforms of the international monetary system. Continuing to push for reforms of the International Monetary Fund's quotas, enhancing the voice and representation of developing economies.
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