Further opening-up to attract more investment

New reform measures will help widen access to country's financial market

The liberalization of China's financial service industry and capital market will draw more investment from overseas institutional investors and will help boost the global profile of the Chinese currency, international financial experts said on Wednesday.

They were commenting on the landmark announcement on Tuesday by President Xi Jinping at the Boao Forum for Asia to grant foreign companies greater access to the country's financial service sector and further reduce restrictions on foreign ownership in the industry.