China will further open banking, securities and insurance sectors- regulator

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FILE PHOTO: China’s top banking regulator Guo Shuqing speaks to reporters on the sidelines of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China, March 5, 2019. REUTERS/Thomas Peter

SHANGHAI (Reuters) – China’s top banking and insurance regulator said on Thursday the country plans to further open up its banking, securities and insurance sectors.

Guo Shuqing, head of the China Banking and Insurance Regulatory Commission (CBIRC) told a financial forum in Shanghai that China especially welcomes experienced global asset managers.

Reporting by Samuel Shen and David Stanway; Editing by Shri Navaratnam

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