China´s new financial sector reforms: will they go far enough?
(WorldNews Belgium)

(This article was produced in collaboration with the SWIFT Institute.) Earlier this year, Chinese President Xi Jinping pledged that the country will accelerate the opening up of its financial sector in a series of `landmark` measures to be launched in 2018. They include fast-tracking foreign access to the Chinese insurance industry, easing restrictions for item and expansion of foreign financial institutions, and improving the investment climate. China, he said, `will enter a new phase of opening up.` The reality is likely to be a bit more complicated. While China has come a long way in the last four decades -- liberalizing trade, property rights, foreign direct investments and other key...