SAFE pledges more opening-up measures to invigorate investment

Efforts by the State Administration of Foreign Exchange (SAFE) to further facilitate cross-border investment and financing for technology-focused small and medium-sized enterprises and advance the opening up of the capital account will improve the competitiveness of the Chinese financial industry and aid in the country's high-quality economic growth, experts said on Thursday.

SAFE will continue to steadily expand institutional opening-up in the foreign exchange sector, its capital account management department wrote in a column released on its official WeChat account on Wednesday.

Greater efforts will be made to further facilitate cross-border investment and financing by focusing on supporting technology innovation and the development of micro, small and medium-sized enterprises, SAFE said.