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
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
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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Joel A. Gallo

Joel A. Gallo

Joel A. Gallo is CEO of Columbia China League Business Advisory Co. He has 25 years of experience in global finance and technology. He was a former senior executive at Deloitte, PwC, E&Y, Dell EMC and Deutsche Bank, where he advised over 100 global financial institutions on complex strategic initiatives.