At the Annual Conference of the Boao Forum for Asia (BFA) held in April, 2018, Chinese President Xi Jinping delivered a keynote speech entitled “Openness for Greater Prosperity, Innovation for a Better Future,” announcing to the world a range of major initiatives including the wider opening up of the financial industry.
As an attendee of the forum, Toyoki Oka, Chairman of Mizuho Bank China and Executive Officer of Mizuho Bank, was very excited, believing that China’s policies to allow more foreign investment in banking and securities firms and its plan to scrap limits on foreign holdings in asset management companies are very attractive and welcoming in the long run.
(Toyoki Oka in an interview with Eastday.com)