China’s financial centre in Shanghai. The government has unveiled a series of reforms in the country’s banking, brokerage and insurance sectors. Photo: Xinhua
China’s financial centre in Shanghai. The government has unveiled a series of reforms in the country’s banking, brokerage and insurance sectors. Photo: Xinhua
Joel A. Gallo
Opinion

Opinion

Joel A. Gallo

China’s bold makeover of its capital markets a step in the right direction

  • Proposals include allowing banks to underwrite securities, consolidating the fragmented brokerage sector, and letting insurers trade in T-bond futures – a sign that Beijing is turbocharging its financial reforms

China’s financial centre in Shanghai. The government has unveiled a series of reforms in the country’s banking, brokerage and insurance sectors. Photo: Xinhua
China’s financial centre in Shanghai. The government has unveiled a series of reforms in the country’s banking, brokerage and insurance sectors. Photo: Xinhua
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