China will increase oversight of systemically important financial institutions a...
FILE PHOTO - Yi Gang, the governor of the People's Bank of China , attends a news conference during the ongoing session of the National People's Congress in Beijing, China March 10, 2019. REUTERS/Jason Lee
“But the process of financial opening could increase the complexity of risk prevention, and therefore we should improve risk prevention systems.” China has taken several steps in recent months that it says will improve the business environment for foreign firms and investors operating in the world’s second-largest economy, including reducing foreign ownership limits in the financial sector. It has pledged to do more.
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