On January 11, Wu Xiaoqiu, the president of the National Institute of Finance of Renmin University of China, the president of the China Capital Market Research Institute and the national first-class professor, pointed out on January 11 that internationalization is the core path to achieve financial power at the 29th China Capital Market Forum (2025). We should encourage local financial institutions to enter the international market, gradually relax foreign investment access, and create RMB denominated asset trading centers and global wealth management centers. Wu Xiaoqiu pointed out that enhancing the global competitiveness of the capital market and expanding the international influence of the renminbi. The formation of a liberalized and internationalized local currency, as well as a highly open capital market, are the two most important symbols of a financial powerhouse. Regarding how to build a strong financial country, Wu Xiaoqiu emphasized the need to adhere to marketization, rule of law, and internationalization. (Securities Times)
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