China wants to accelerate its opening up, but countries afraid of exposing their financial sectors to competition will not benefit, said Chen Wenhui, vice-chairman of the country’s banking and insurance regulator. Photo: EPA

China will open up its financial sector, but only if other countries reciprocate, regulator says

Liberalisation must be based on principle of equality and mutual benefit, vice-chairman of banking and insurance watchdog says

Topic |   China economy

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China wants to accelerate its opening up, but countries afraid of exposing their financial sectors to competition will not benefit, said Chen Wenhui, vice-chairman of the country’s banking and insurance regulator. Photo: EPA
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