Only with the help of a wider open financial sector, game rules in the international market, and diversified and flexible financial instruments can we defeat crisis. Over the past decade, China has gradually established a financial market system comprised of money, bond, securities, foreign exchange, gold and futures markets featuring multi-layered bourses, diversified products and varied mechanisms.
Furthermore, in June 2014, the two entities together established a task force with the aim of holding regular joint meetings, and they have been fostering further coordination. The Bank is determined to continue with its efforts to contribute to ensuring the stability of the financial system, making use of these arrangements. Thank you. BIS central bankers’ speeches  3