Deals
China PBOC to Draft Package for Financial Market Opening, Sources Say
- Central bank is said to convene Tuesday meeting to review plan
- Package may include allowing majority stakes in local ventures
China Said to Draft Plans to Open Financial Sector
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China’s central bank is drafting a package of reforms which would give foreign investors greater access to the nation’s financial services industry, according to people familiar with the matter.
The People’s Bank of China will convene an internal meeting on Tuesday to discuss its proposals and get feedback from Chinese institutions, said the people, who asked not to be identified as the matter is private. The meeting will also discuss the timetable for opening up the financial sector and the lessons learned from previous cooperation with foreign firms, the people added.