China welcomes more U.S. financial institutions and long-term capital to continue deepening mutually beneficial cooperation with China, Vice Premier He Lifeng said in his meeting with John Waldron, president and chief operating officer of Goldman Sachs Group, in Beijing on Wednesday.
He, also a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, said China is fully implementing the guiding principles of the 20th CPC Central Committee's third plenary session, steadily advancing major measures to deepen comprehensive reform, and continuously expanding opening-up at a high level.
China welcomes more U.S. financial institutions and long-term capital, including Goldman Sachs Group, to continue deepening mutually beneficial cooperation with China, and to play a greater role in promoting the healthy development of China-U.S. relations, He said.
The Goldman Sachs Group is full of confidence in China's economy and future development, and is willing to continue expanding cooperation with China and making contributions to promoting U.S.-China economic and trade cooperation, Waldron said.
Chinese official encourages U.S. financial institutions to deepen cooperation with China
Chinese official encourages U.S. financial institutions to deepen cooperation with China
The Chinese Ministry of Foreign Affairs on Wednesday hosted a promotional event to present the Hainan Free Trade Port to the world in Beijing, with Foreign Minister Wang Yi hailing it a new frontier of China's institutional opening up.
Addressing the event, Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, said China is committed to development through high-level opening up.
Wang said China will continue to foster a business environment that is market-oriented, law-based and internationalized, promote high-quality Belt and Road cooperation, and implement the Global Development Initiative.
Major officials from the island province of Hainan were invited to make presentations to more than 500 attendees, including diplomats and officials from over 160 countries, representatives from international organizations, central and local government officials, and representatives from enterprises, international trade associations, and domestic and foreign media.
In June 2020, China released a master plan with aims to build the whole of Hainan island into a globally influential and high-level free trade port by the middle of the century.
Wang said that the construction of the Hainan Free Trade Port has gained momentum and the region has attracted an increasing number of regional and global enterprises to invest and operate business, presenting a new and dynamic environment of openness and progress.
"Today's Hainan Free Trade Port has become a new frontier of China's institutional opening up, a new hot spot for regional mutually beneficial cooperation, and a new engine driving economic globalization," Wang stated.
According to the promotional event, the construction of Hainan free trade port has gained momentum, with a institutional system focusing on trade, investment, cross-border capital flow, transportation, personnel exchange, and data flow basically established.
"Over the past six years, Hainan's trade volumes in goods and services grew at an average annual rate of 22.2 percent and 20.2 percent respectively, while the actual utilization of foreign investment grew at an average annual rate of 46 percent. Hainan is currently making every effort to turn the whole island into a separate customs zone by the end of 2025, and then Hainan's openness will be elevated to a new level," said Liu Xiaoming, governor of Hainan Province.
Hainan Free Trade Port new frontier of China's opening up: FM
