He Lifeng Says China Will Further Open Its Financial Sector

At meeting with financial regulator’s international advisory committee, He Lifeng says China will keep opening up its financial sector and accelerate efforts to become a financial power

By Asia Brief newsroom · Published October 20, 2026 · 1 min read

Business professionals examining financial documents with magnifying glass for detailed analysis.

Photo by Yan Krukau on Pexels

What changed

China’s Vice Premier He Lifeng said on October 19 that the country will continue widening high-level financial opening and move faster toward becoming a financial power.

Speaking at the Diaoyutai State Guesthouse, he invited more foreign financial institutions to invest and operate in China. Members of the financial regulator’s International Advisory Committee said they remained confident in China’s economic and financial outlook and would expand investment cooperation.

Why it matters

The announcement puts foreign financial institutions inside China’s next policy frame: the 15th Five-Year Plan outline. It signals that Beijing wants more overseas participation in its financial sector while tying that opening to a larger ambition to build China into a financial power.

The practical meaning is still limited for now. No new market-access rules, sectors, quotas, regulatory changes or implementation dates were announced. The clearest next test is whether the invitation becomes specific terms that foreign institutions can act on.

Analysis Perspective

Sources (4)

中新网时政新闻At meeting with financial regulator’s international advisory committee, He Lifeng says China will keep opening up its financial sector and accelerate efforts to become a financial power
中新网时政新闻He Lifeng meets members of China Investment Corporation’s International Advisory Council
中新网财经新闻International Review: Four Keywords Point to New Opportunities in China’s Foreign Trade
中新网时政新闻Renmin University of China releases research findings focused on future global development trends

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