Global institutions jump on chance to boost presence amid China's financial opening-up

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Global institutions jump on chance to boost presence amid China's financial opening-up

STORY: Global institutions jump on chance to boost presence amid China's financial opening-up SHOOTING TIME: File DATELINE: Nov. 22, 2023 LENGTH: 00:02:27 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of street views in China 2. SOUNDBITE 1 (English): LI BING, Head of Bloomberg Asia Pacific 3. SOUNDBITE 2 (English): MILAN NEDELJKOVIC, Member of the board of management, BMW AG 4. SOUNDBITE 3 (English): MICHAEL KIRSCH, President and CEO of Porsche China STORYLINE: China has been stepping up efforts to promote a high level of financial opening-up, implementing concrete measures such as allowing global investors to invest in China's capital market through more channels, and scrapping securities, futures and fund ownership caps for foreign institutions. Following these measures, many global financial institutions have expanded their footprints in China, showing faith in the country's continued financial opening-up. On Monday, a meeting of the country's Central Financial Commission highlighted w

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