Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said Beijing was confident it could control any potential fallout from the trade war. Photo: Xinhua

China will open financial sector wider amid ‘quite limited’ impact of trade war, regulator says

  • Head of banking and insurance regulator Guo Shuqing also tells state TV Beijing has no plans to engineer depreciation of yuan to boost exports
  • He says foreign investors in the sectors may be able to take higher stakes in the future that ‘could even reach 61, 71, 81 per cent or even 100 per cent’
Topic |   US-China relations

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Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said Beijing was confident it could control any potential fallout from the trade war. Photo: Xinhua
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