易纲：金融业的开放有三条规律要遵循（附视频）

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中国发展高层论坛2018年会3月24－26日在京举行。25日下午，新任中国人民银行行长易纲就“供给侧结构性改革中的金融政策”相关主题发表演讲。易纲表示，要稳步推进人民币国际化，人民币在2016年10月1日正式加入了SDR（货币基金的特别提款权篮子），人民币的跨境使用这些基础设施也在进一步完善，跨境的支付系统CPS一期已经上线运行，二期预计近期就会上线，未来还将有序地推进资本项目的开放，提高人民币可自由使用程度。

易纲还表示，要提升金融市场的双向开放程度，债券市场方面央行推出了债券通，股票市场方面先后推出了沪港通、深港通。去年6月名胜公司宣布将A股纳入MSCI指数之后，今年的3月23日，彭博宣布将逐步把中国的债券正式纳入彭博巴克莱全球综合债券指数。在外汇市场方面，不断地扩大对境外交易主体的开放力度，下一步还将全面实施市场准入负面清单制度，继续推动金融市场的双向开放。 

Yi Gang, China’s new central bank governor, said on Sunday that China will push forward reform and opening up of the financial industry while preventing financial risks through regulation and supervision. 

In a debut speech as the new chief of People’s Bank of China (PBOC), Yi summarized the current financial policies into prudent monetary policy, promotion of reform and opening up in financial industry and maintaining stability with diffusing any major risks. 

China’s practices since it conducted reform and opening up policies have approved that “opening up leads to progress while closure results in backwardness and risks,” he said at the China Development Forum in Beijing. 

Three rules in financial opening up

There are three rules to follow in promoting financial opening up and reform, Yi said. 

First of all, China will keep lifting the restriction of financial industry access and giving equal treatment to all investors, in line with the negative list mechanism principle, he said. 

In addition to the stocks and bond connect projects between A-share market and Hong Kong as well as A-share included into MSCI, China will further open its foreign exchange market and fully implement the negative list mechanism in terms of market access, according to Yi. 

The sector’s opening up will proceed in coordination with foreign exchange rate mechanism reform and capital account convertibility, he said.

China will steadily internationalize Chinese yuan, he said, noting China will improve free usage of Chinese yuan with opening more capital projects. 

The second phase of the China International Payments System (CIPS), a cross-border yuan settlement system, will be rolled out soon, he said. 

The third rule is putting "equal emphasis” on preventing financial risks, he said, noting that the opening up of the financial sector must be accompanied by the development of financial regulation. 

Confidence in front of changes and risks 

To keep stability of financial industry and guard against risks is a major task for China’s financial sector, but China has the capability to prevent risks, especially the high leverage, Yi said. 

Responding to what additional financial risks may be caused by new uncertainties, such as the trade tension between China and the US, Yi said that fluctuation is not rare in market economy and China’s banking system, securities market and insurance market are fully capable of dissolving risks from external impacts.