To meet this demand, we will facilitate foreign investment, and improve the transparency of legal framework, regulations, accounting system and tax regime. The opening-up for financial institutions and financial service will follow the same rationale. Under the current monetary policy framework we are able to manage financial risks associated with China’s integration into the global economy and economic globalization.
As the country has integrated into the global economy through trade, investment, services and tourism, we will further open up financial sector and improve monetary policy accordingly. Question： Financial innovation, including the rapid development of Fintech, drives the global expansion of new financial business, and brings increasing challenges to regulators. What are your views on regulatory coordination with other countries in this field?