B · Normal
[Zhu Hexin: China’s door to opening up is opening wider and wider, and the foreign-related economic structure has undergone profound changes] This afternoon, at the opening ceremony of the 2026 Financial Street Forum Annual Meeting, Zhu Hexin, deputy governor of the People’s Bank of China and director of the State Administration of Foreign Exchange, said that China’s door to opening up is opening wider and wider, and the foreign-related economic structure has undergone profound changes. A prominent feature is that business entities have increasingly become an important force in connecting domestic and international dual circulation. From the perspective of flow, China's international balance of payments has gradually formed an independent balance pattern, and the funds generated by the current account surplus are more used through external investment and asset allocation by enterprises, banks and other entities. In terms of stock, among China's external financial assets, the proportion of external assets held by enterprises, banks, etc. has increased from about 30% at the end of 2010 to nearly 70% at the end of 2025. These changes reflect the increasing role of the market in cross-border resource allocation; they also reflect the continued improvement of Chinese enterprises' ability to participate in international cooperation and competition and allocate global resources. (Reporter Li Ting)
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