BUSINESS Chinese market welcomes qualified foreign financial institutions: official

BUSINESS

Chinese market welcomes qualified foreign financial institutions: official

CGTN

13:33, November 22, 2022

China's financial sector has entered a new phase featuring high-standard opening-up, the head of the country's top banking and insurance regulator said on Monday.

Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, speaks at a press conference, Beijing, China, March 2, 2022. (Photo: CFP)

Since 2017, the assets of foreign banks in China have increased by nearly 30 percent, and the assets of foreign insurance companies in China have expanded by roughly 120 percent, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said at this year's Financial Street Forum annual conference.

"We will, as always, welcome foreign financial institutions with sound operations, good qualifications and outstanding specialties to participate in the Chinese market," Guo said.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue