STORY: Investors eye opportunities in China's financial opening-up
SHOOTING TIME: Nov. 9, 2023
DATELINE: Nov. 10, 2023
LENGTH: 00:01:27
LOCATION: Beijing
CATEGORY: ECONOMY

SHOTLIST:
1. various of views in Beijing
2. various of the Annual Conference of Financial Street Forum 2023 (SHOOTING TIME: Nov. 8, 2023)
3. SOUNDBITE 1 (English): CLIFFORD ALEX POLYCARP, Founder, Kaisa Holdings
4. various of companies and institutions on the financial street in Beijing
5. SOUNDBITE 2 (Chinese): CHEN YUANWEI, Founder, Hinova Pharmaceuticals
6. various of views in Beijing

STORYLINE:

The Annual Conference of Financial Street Forum 2023 concluded Friday in Beijing.

During the three-day event, guests from home and abroad shared their observations and expectations on China's financial opening-up.

SOUNDBITE 1 (English): CLIFFORD ALEX POLYCARP, Founder, Kaisa Holdings
"All the effort that the government is taking, the central bank is taking, to open up the financial sector to the outside world is extremely important. I think this must continue. And I think creating opportunities for other sources of capital in the economy, it's very much a credit-driven economy. And so creating spaces for other types of capital, equity in particular, to both come in and also go out of the economy, it's going to be very important both for the growth and development of China."

SOUNDBITE 2 (Chinese): CHEN YUANWEI, Founder, Hinova Pharmaceuticals
"Finance is international. China is the world's second-largest economy, so it needs to open up to attract more foreign investments to invest in infrastructure and the real economy. At the same time, the opening-up enables many Chinese enterprises to go global. Therefore, I think China's financial opening-up is very good for the Chinese people and the people of the world. I believe it will benefit the development of China's financial industry, and eventually benefit its people."

Xinhua News Agency correspondents reporting from Beijing.
(XHTV)