Summary of Why Opening Up China’s Financial Markets Won’t Guarantee Growth

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In November 2017, Chinese authorities outlined new policies to lift barriers to foreign investment in the country’s financial sector. Liberalization alone, however, won’t attract overseas investors: Deeper reforms in China’s financial industry must come first. In this editorial, Caixin editor-in-chief Hu Shuli argues that China must implement further reforms if it wants to attract overseas investors. getAbstract recommends this concise essay to institutional investors with an interest in China and to policymakers whose work concerns financial reform or market liberalization.

In this summary, you will learn

  • What financial-sector reforms China announced in November 2017,
  • How the changes could benefit China and foreign investors, and
  • What China should do to improve its business environment and attract overseas investors.
 

About the Author

Hu Shuli is editor-in-chief of Beijing-based Caixin.

 

Summary

In November 2017, China announced new policies to allow foreign investors greater participation in the country’s financial sector. Caps on foreign investors’ stakes in joint ventures with Chinese financial firms will increase over a period of five years. The policies will raise – and eventually eliminate – current limits on foreign investors’ participation in banking, insurance, fund management and brokerage firms. Chinese authorities seek to “create a level playing field for Chinese and foreign institutional investors that want to enter China.”


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