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Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said on Tuesday that China and the United States can fully reach an agreement on opening up the financial services industry; in addition, financial securities and insurance should be boldly innovative, especially in resolving the worldwide financing difficulties of small and medium-sized enterprises.
In an interview with the "ministerial channel" of the CPPCC and CPPCC sessions, he emphasized that the accusation of China's exchange rate manipulation by the United States was not based on facts. China did not use the RMB as a tool to gain trade advantage. "We have been maintaining the stability of the RMB exchange rate. We have not used this as a tool of trade competition to depreciate and win competitive advantage. This is the decision of the US Treasury Department. Righteousness. "
"So I think it's easier to reach a consensus in the next negotiations." Guo Shuqing said, "We are also very confident about implementing these agreements."
In terms of financial support for private enterprises, he said that the central government attaches great importance to financial support for private enterprises and is vigorously promoting it as an important task, while solving the problem of difficult and expensive loans for small and micro enterprises, including small and medium-sized enterprises, is indeed a systematic project.
In addition, he also mentioned that more work needs to be done to build a stronger capital market in the direct financing of the securities market bond market.

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