PBOC to increase ties with HK, Taiwan

'Innovative management' ideas under evaluation to boost financial openness

The People's Bank of China and other government departments will strengthen communication and collaboration with Hong Kong and Taiwan in a bid to expand financial openness and cooperation, according to an official of the central bank.

The PBOC will continue to promote the opening-up of the Chinese mainland's financial sector to Hong Kong and Taiwan. It is conducting research into introducing innovative management models such as pre-establishment national treatment and "negative lists", while stepping up cooperation with the two regions, said Pan Gongsheng, deputy governor of the PBOC.