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Vice-Premier Huang Ju says China will appropriately open its financial market to foreign companies to push forward a stable development of domestic capital market in coming years.
Speaking in Beijing with Rijkman Groenink, Chairman of the ABN Amro Bank in Holland, the vice premier said the Chinese government is going to actively push forward a stable development of the domestic capital market in accordance with the management and risk prevention capabilities of Chinese financial companies.
Huang Ju says a recent policy adopted by China stresses promoting the development of funds which make investments into the securities market.
He adds that China has carried out extensive cooperation with foreign financial companies since entering the World Trade Organization and welcomes the Dutch bank's partnership with a Chinese company in establishing a fund management business.
(CRI March 30, 2004)
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