China Plans 12 New Measures to Open up Banking, Insurance Sectors

May 15, 2019 | BY

Marilyn Romero

Against the backdrop of ongoing US trade negotiations, the CBIRC says it will introduce 12 new measures that could significantly open up its banking and insurance sectors to foreign investment.

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renminbi bank notes

China is taking major steps to further open its $44 trillion financial sector to global investors. On May 1, 2019, Guo Shuqing, the chairman of the China Banking and Insurance