FUR­THER LIB­ER­AL­I­SA­TION POS­SI­BLE, SAYS PBOC

But it wants bet­ter treat­ment overseas for pri­vate in­vestors

New Straits Times - - Business World -

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

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