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

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

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

China will further open its financial sector despite its trade war with the US, and it has no plans to engineer a currency depreciation to support its exports, its chief financial regulator said.In an interview with state broadcaster CCTV aired on Monday evening, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said Beijing would open its doors wider to foreign financial institutions and it was confident it could control any potential fallout from the trade war…

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By | 2019-05-27T15:30:05+00:00 May 27th, 2019|Headlines|Comments Off on China will open financial sector wider amid ‘quite limited’ impact of trade war, regulator says