PBoC chief pledges to keep opening up China’s financial sector

China will also continue market-based reforms of yuan exchange rates

yi-gang-deputy-governor-pboc-director-safe
Yi Gang: “Most of the measures have materialised”

People’s Bank of China governor Yi Gang has pledged to continue to open up China’s financial sector, admitting there are still “a few measures yet to materialise” despite the central bank’s promise to implement them by the end of 2018.

“Most of the measures have materialised,” Yi said at the China Development Forum in Beijing on March 24. “The very few measures that are yet to materialise have reached the final stage of law amendment, and applications from foreign investors have been received

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