Hainan to become China's first capital financial opening region: expert
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In an interview with People's Daily on November 26, scholar Wang Wen analyzes the financial future of the Hainan Free Trade Port, saying the province is undoubtedly becoming the first capital financial opening region in China. Wang, dean of Chongyang Institute for Financial Studies at Renmin University of China in Beijing, says that lifting investment restrictions in sectors such as medicine and education allows international capital to "share the dividend of China's development." China can use a "learning by doing" approach to balance regulation and openness, he says, which will help push the Renminbi to become "the most popular currency in the world." (Produced by He Jieqiong, Di Jingyuan, Han Xiaomeng, Li Yuanxin, intern Jia Xinyang and Yao Yuhe)