Beijing sets sights on further opening

Beijing will open its financial sector wider to the world in three years, as the city undertakes a major push to deepen reform and opening-up in the service industry, a vice-mayor said on Wednesday.

Yin Yong, vice-mayor of Beijing, said the financial sector is on the top of the list of the capital city's opening-up undertakings. One of the major tasks is to strengthen the city's role as a financial management center, which can facilitate China's financial reform and opening-up, as well as risk prevention, he said.

He made the remarks at a news conference, introducing in detail a three-year action plan for Beijing to continue opening up its service sector. The plan gained approval from the State Council in January.