PBOC vows to open financial sector further

China will further open its financial sector in "an active and safe" way, the People's Bank of China said in a report Friday 16 March.

"China will gradually broaden the scope for the participation of foreign capital in the domestic financial market," it said.

"We will strengthen the connections between China's financial market and international counterparts by attracting more foreign capital in Renminbi-denominated financial products," the report said.

"We will make use of the financial market