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
Opinion
Opinion
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