Financial supervision plans further opening

China remains committed to further opening its 60 trillion US dollar financial market to foreign banks and investment firms. “Opening up is China’s long-standing state policy, and the door for opening up the financial sector will only be wider,” Li Yunze, head of the National Financial Supervisory Commission, said Thursday at the Lujiazui Forum in Shanghai, according to a Bloomberg report. Li, a former vice governor of Sichuan province, was appointed head of the new financial regulator last month.

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