Bank and Finance English Handbook

Author: None
Publisher:
Publish Date: 2002-01-01
Features: With the entry into the WTO, China must make certain concessions in terms of opening up its financial services sector and fulfill corresponding obligations. The United States and Western Europe have focused their demands on China's financial services sector on expanding the scope of opening, relaxing market access conditions, broadening the business scope of foreign-funded financial institutions, and allowing foreign-funded financial institutions to provide services to Chinese citizens. They also require China to make substantial improvements to the "Offering Schedule" it has provided and submit a specific timetable for opening up. China's policy of opening up will not change, and the steps for opening up its financial services sector should be proactive and prudent.