Nation firm on opening-up pledges

Despite short-term fluctuations, China will stick to its pledges to continue to promote opening up in the financial sector as the nation has sound economic fundamentals, according to senior officials.

Speaking at a panel discussion on Tuesday during the World Economic Forum in Tianjin, Fang Xinghai, vice-chairman of the China Securities Regulatory Commission, said he is quite upbeat about China's efforts to continue promoting the opening up of the financial sector at the time when there are no systematic risks in China's capital market.

Foreign investors look to China's long term economic fundamentals, rather than short term fluctuations, according to Fang.