摘要
The Fifth Plenary Session of the 19th Central Committee of the Communist Party of China(CPC)proposed to establish a new system for a higher-level open economy,and promote liberalization and facilitation of trade and investment.It also emphasized the need to optimize China’s modern financial management system,improve its financial risk prevention,early warning,disposal,and accountability systems,and implement a zero tolerance rule for violations.China’s higher level of opening up has put forward new requirements and challenges for its high-quality cross-border financial management.
