Bigger steps to be taken on opening up financial market

China is ready to intensify measures to open up its financial market, a high-level government meeting pledged on Wednesday.

The promise followed the inclusion of the renminbi in the International Monetary Fund's basket of currencies with special drawing rights.

China will promote greater use of the renminbi in cross-border transactions and better convertibility of the capital account, it was decided at an executive meeting of the State Council presided over by Premier Li Keqiang.