China to further facilitate cross

China will take more concrete steps to continuously advance capital account opening-up and facilitate cross-border investment and financing, according to Zhu Hexin, deputy governor of the People's Bank of China. This development is expected to enhance China's economic integration with the global community, fostering greater cooperation in areas such as trade, investment, and financial services. The move is also likely to promote the growth of China's financial sector, making it more competitive and attractive to foreign investors. Furthermore, it may also help to alleviate concerns about capital outflows, which have been a pressing issue for China in recent years. By facilitating cross-border investment and financing, China aims to create a more stable and prosperous economic environment, both domestically and internationally.