Foreign execs hail pledge on opening-up

Global firms eye profitable prospects amid nation's economic recovery

Investing in China is vital for the future of global financial institutions as opportunities arising from the opening of the world's second-largest economy remain extensive and promising, international executives and experts said.

Asset and wealth management, insurance and pensions, and green and digital finance are the sectors particularly appealing to foreign financial institutions, whose investment in China may gain traction this year amid the country's economic recovery and signs of recovering Sino-US economic relations, they said.

Their comments came after Xi Jinping, general secretary of the Communist Party of China Central Committee, stressed the need to expand opening-up to improve the efficiency and capacity of financial resource allocation.