FURTHER LIBERALISATION POSSIBLE, SAYS PBOC

But it wants better treatment overseas for private investors

BEIJING Boao Forum for Asia on the southern island of Hainan on Sunday.

Foreign financial companies are mostly banned from doing business in China, except in partnerships with domestic entities.

“Sometimes it’s a negotiation process,” he said. “China would like to see that when we open wider in the financial sector, whether we can access some things. China is very interested to see that Chinese investors, especially private investors, should get better treatment overseas in other countries.”

Global trade was the central theme for officials and executives at this year’s forum, with Zhou saying on Saturday he wanted Group of 20 leaders to seek greater consensus on the issue when they meet later this year.

“There’s a path of negotiation and we’re waiting for the United States and the new administration to decide how we would like to push this forward,” said Zhou. Bloomberg