I attended the Lujiazui Forum in Shanghai last week. The title A New Vision for Financial Reform and Opening Up says it all. The Mayor of Shanghai said China is in a critical period of modernisation and reform will provide momentum for the China Dream to become reality. In my view, China will continue easing administrative controls on the financial system and become more sensitive to market forces. In the process, China is likely to engage more with foreign financial services firms. It is inevitable China will become increasingly popular as an investable market. See 8IP Blog at (VIEW LINK).
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