China's financial services 'considerably' opened up, EU commissioner says
Monday, 11 June 2007
BRUSSELS, June 10 (Xinhua): EU Commissioner Charlie McCreevy has said that China's financial services have been "considerably" opened up and he would not press China to further open the sector during his upcoming China tour.
"Over the last several years, the Chinese authorities have considerably opened the financial services," McCreevy told Xinhua before he left Sunday for China for his second visit as EU commissioner.
McCreevy said opening up financial market should be done "gradually" and "naturally" just like the Europeans did. That's why he had no plan to press China to further open up its financial sector during his visit, he said.
The commissioner will meet a number of senior Chinese officials, including Finance Minister Jin Renqing, Zhou Xiaochuan, governor of the People's Bank of China, and Shang Fulin, chairman of China Securities Regulatory Commission.
McCreevy said he will place particular emphasis on boosting cooperation between the EU and China through dialogue between regulators in order to promote convergence and market access in financial sectors.
He said he would like to strengthen EU-China regulatory cooperation in a number of key policy areas including financial services, accounting and auditing, securities and asset management, public procurement and intellectual property rights.
"Over the last several years, the Chinese authorities have considerably opened the financial services," McCreevy told Xinhua before he left Sunday for China for his second visit as EU commissioner.
McCreevy said opening up financial market should be done "gradually" and "naturally" just like the Europeans did. That's why he had no plan to press China to further open up its financial sector during his visit, he said.
The commissioner will meet a number of senior Chinese officials, including Finance Minister Jin Renqing, Zhou Xiaochuan, governor of the People's Bank of China, and Shang Fulin, chairman of China Securities Regulatory Commission.
McCreevy said he will place particular emphasis on boosting cooperation between the EU and China through dialogue between regulators in order to promote convergence and market access in financial sectors.
He said he would like to strengthen EU-China regulatory cooperation in a number of key policy areas including financial services, accounting and auditing, securities and asset management, public procurement and intellectual property rights.