Pedestrians ride an escalator near the Oriental Pearl Tower in the Lujiazui Financial District in Shanghai, China, on Monday, Sept. 4, 2017. The Chinese central bank's tight leash on liquidity is straining the bond market, with the benchmark sovereign yield climbing to near the highest level since April 2015. Photographer: Qilai Shen/Bloomberg

Chinese Central Bank said to be drafting fresh package of reforms for more financial market opening

Details may include permission for foreign institutions to control their local finance-sector joint ventures, as well as raising the current 25pc ceiling on foreign ownership in Chinese banks

Topic |   People’s Bank of China

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Pedestrians ride an escalator near the Oriental Pearl Tower in the Lujiazui Financial District in Shanghai, China, on Monday, Sept. 4, 2017. The Chinese central bank's tight leash on liquidity is straining the bond market, with the benchmark sovereign yield climbing to near the highest level since April 2015. Photographer: Qilai Shen/Bloomberg
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