For example, financial markets have become increasingly open to foreign investors, especially since last year. Liquidity of financial markets will increase significantly as participation by foreign financial institutions increases. Furthermore, the relevant authorities, including the PBC, have started to make efforts to increase market liquidity, such as allowing more banks to trade bonds via stock exchanges.
These efforts are expected to develop a market environment with enhanced market mechanisms. II. Financial System: Preparation for an Orderly Exit of Insolvent Banks from the Market Now, I would like to move on to the next theme, the financial system. Financial liberalization has a significant impact on the business environment and behavior of financial institutions.