New PBOC chief intends to accelerate opening-up

Yi also plans to speed up tax reform, bolster rules against financial risks

China will work to accelerate financial opening-up, further taxation reform and continue strengthening regulations to reduce systemic risks and control the debt level, senior officials said on Sunday.

Yi Gang, the newly elected governor of the People's Bank of China confirmed at the China Development Forum 2018 that the next step in facilitating opening-up of the financial sector, a series of reforming measures to ease market access for foreign investors will be launched in the future.