The fourth session of the 12th National Committee of the Chinese People's Political Consultative Conference (CPPCC) was concluded on 16th March.

Premier Li Keqiang then expressed his views during the press conference and said that the country's financial industry will pursue a prudent development and that the government will step up efforts to enhance regulation, maintain the health and stability of the financial industry while preventing systemic risk, all of which, in the opinion of ANBOUND’s scholars are the core essence of the overall financial works.

This prudent approach will affect the next step of RMB internationalization, the opening up of capital and other fields.