4 | Thursday, July 22, 2021 HONG KONG EDITION | CHINA DAILY CHINA Piece of Openness in cake Xue Weijin, a Shaanxi Xueqian Normal Uni- versity student, cele- brates his birthday finance to help with children from a village in Lantian county, Shaanxi prov- ince, on Wednesday. A 22-member team from lift real economy the university is stay- ing in the village to learn about the grass- Meeting told mechanism to monitor roots and provide chil- systemic risks will be put in place dren with light lessons and entertainment during the summer By WANG KEJU subsidiary firms of financial insti- vacation.
[email protected] tutions will be improved. Channels YUAN JINGZHI / and methods for foreign capital to FOR CHINA DAILY Premier Li Keqiang heard a participate in the domestic finan- report on advancing financial cial market will be optimized. opening-up at a State Council exec- Management requirements of utive meeting on Wednesday and direct investment projects that are chaired discussions on work relat- closely related to the real economy ed to greater financial openness will be improved. Efforts will be and the building of stronger finan- made to keep the renminbi cial services to boost the real econo- exchange rate basically stable and my. at an adaptive and balanced level. The meeting noted the steady “As a developing country, China’s opening up of China’s financial sec- development must rely on the real tor in recent years, during which economy,” Li said. “Greater finan- Shanghai team in laser breakthrough Foreign more than 100 foreign-invested cial openness should better serve banks and insurance, securities, the real economy, which is of great By ZHOU WENTING in Shanghai the internal dynamic structure of the world but they range in size Ministry payment and clearing institutions importance to maintaining the
[email protected] matter and study the interaction from 300 meters to 3.4 kilome- have been approved and set up.