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

Hu Shuli
Caixin, 2017
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Editorial Rating

8

Qualities

  • Analytical
  • Overview
  • Background

Recommendation

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.

Take-Aways

  • In November 2017, China announced new policies to allow foreign investors greater participation in the nation’s financial industry.
  • The new rules will lift limits on foreign ownership of banks and grant overseas firms higher stakes in securities and futures brokerages, fund managers and insurers.
  • The new policies could increase competition, efficiency and stability in China’s financial sector.

About the Author

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

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