Global Investors Need to See More From China Reforms

Next year will mark the 40th anniversary of China's reform and opening-up initiated by Deng Xiaoping, and it's as vital as ever that the government pushes harder and faster on structural changes. While recent announcements regarding the financial industry are encouraging, for the global investment community to more fully embrace China, progress is still needed on important areas as diverse as state-owned enterprises and healthcare.

China is at the point where it can no longer rely on monetary stimulus and fiscal spending to support longer-term growth. People's Bank of China Governor Zhou Xiaochuan recently warned that further reform and opening-up are key to proactively controlling systematic risks in the nation's financial sector.