China eyes high-standard financial opening-up amid global market shifts

China is aiming to advance risk prevention, strengthen regulation, promote high-quality development, and open its financial system to higher international standards, Vice Premier He Lifeng said Monday.

He, also a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks at the opening ceremony of the Annual Conference of Financial Street Forum 2025 in Beijing.

“Significant progress has been achieved in the financial sector during the 14th Five-Year Plan (2021-2025) under the strong leadership of the CPC Central Committee,” He noted.

Looking ahead, He said the 15th Five-Year Plan period (2026-2030) will be crucial for advancing socialist modernization by 2035 and fostering high-quality financial development. He emphasized that China’s financial sector should actively contribute to the plan’s implementation and accelerate efforts to become a globally strong financial power.

He also highlighted the rapidly evolving global financial landscape, describing it as a rare, once-in-a-century shift that brings both challenges and opportunities. He stressed China’s willingness to collaborate internationally on global financial governance and reforms.

The ceremony was also attended by Yin Li, a member of the Political Bureau of the CPC Central Committee and secretary of the CPC Beijing Municipal Committee.