{
  "id": 14929041,
  "title": "Financial Street Forum forecast calls for more opening up by Chinese regulators",
  "url": "https://urgent.news/2026/10/16/financial-street-forum-forecast-calls-for-more-opening-up-by-chinese",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T10:00:34.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "url": "https://www.scmp.com/business/banking-finance/article/3371171/financial-street-forum-forecast-calls-more-opening-chinese-regulators"
  },
  "original_language": "en",
  "account": "International investors will be closely watching the upcoming Financial Street Forum next week for insights into China's regulatory plans to further open its financial markets, following Visa's long-awaited approval. The forum, a four-day event starting on Monday, will see keynote speeches from top Chinese regulators, including the governor of the People's Bank of China, the head of the National Financial Regulatory Administration, and the chairman of the China Securities Regulatory Commission. Analysts believe the forum could see measures to deepen the internationalization of the yuan and optimize cross-border investment links between mainland China and the rest of the world. PBOC's approval of Visa, after a lengthy waiting period, has raised hopes for more opening-up measures. The US payment card company aims to establish a wholly foreign-owned domestic bank card clearing business in China, enabling it to settle domestic yuan transactions directly through its own network. Visa's entry could benefit global card issuers as international tourism rebounds, despite digital payment giants like Tencent Holdings and Alibaba Group Holding dominating the domestic market. Despite progress, international financial institutions still face challenges in the market. Over the past decade, the yuan has gained traction, accounting for 3.3% of global payments by value in August, up from 1.9% in 2012, according to data from the Society for Worldwide Interbank Financial Telecommunication.",
  "summary": "International investors will keep an eye on a forum next week for clues from China’s regulators on how they plan to further open its financial markets, after Visa’s long-awaited approval fuelled hopes for deeper participation in the world’s second-largest economy. Regulators could announce more measures at the Financial Street Forum to deepen the internationalisation of the yuan and optimise the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "China’s central bank to further open up Chinese financial markets to foreigners",
        "url": "https://urgent.news/2026/10/16/chinas-central-bank-to-further-open-up-chinese-financial-markets-to",
        "published": "2026-10-16T09:10:00.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "China's central bank to further open up Chinese financial markets to foreigners",
        "url": "https://urgent.news/2026/10/16/chinas-central-bank-to-further-open-up-chinese-financial-markets-to-14922232",
        "published": "2026-10-16T09:30:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}