Caixin
ECONOMY

Financial Opening Policies to Come by June, Central Banker Says

People’s Bank of China Governor Yi Gang speaks the Boao Forum for Asia Annual Conference on Wednesday. Photo: VCG
People’s Bank of China Governor Yi Gang speaks the Boao Forum for Asia Annual Conference on Wednesday. Photo: VCG

* China’s government will remove foreign ownership restrictions on banks and asset management firms

* Central bank governor says most of the six upcoming financial reforms will be implemented by June 30

China will start implementing its promised policies to further open up its financial sector to foreign investors by the end of June, with more liberalization measures to follow by the end of the year, People’s Bank of China Governor Yi Gang said Wednesday.

ladingImg
You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.