China plans to experiment with financial reform in some regions for the development of the real economy

Almaty. December 4. Silkroadnews - China plans to experiment with financial reform in the regions, reported China.org.cn.
"In the near future, China will deploy a number of regions of the country to experiment with financial reform in order to create a healthy financial conditions for the development of the real economy", - said the publication with reference to the head of the Research Management of PBOC Lu Lei.
As noted, experiments with financial reform will raise issues of funding in the field of science and technology "green" industries, and the financial system, accessible to all groups of the population.
Financial reform in the region will contribute to the development of the real sector of the economy, modernization of the regional industry, innovations in the financial sector, and encourage the restructuring of the regional economic structure, said Lu Lei.
Free trade zones in Guangdong and Fujian provinces, the city of Tianjin are allowed to carry out experiments on the cross-border use of the yuan, the convertibility of RMB capital accounts and cross-border financing.