Greater market access to offset trade impact

Greater access to China's financial sector will encourage global investors and dispel the gloom clouding the global economy amid Beijing's trade tensions with Washington, according to senior officials and economists.

Chinese financial regulators are preparing a comprehensive opening-up, with more new measures in the pipeline. Foreign institutions with advanced performance in risk management, credit rating, consumer finance, endowments and health insurance are especially welcome, senior officials stressed over the weekend.

The opening measures will offset part of the negative impacts of trade friction on economic recovery, and enable China to reach its GDP growth target of above 6 percent this year, they said.