国内英语资讯:Economic Watch: China mulls further opening up financial markets
<p><span word="BEIJING">BEIJING</span>, <span word="May">May</span> 1-- <span word="China">China</span> <span word="plans">plans</span> <span word="to">to</span> <span word="unveil">unveil</span> <span word="a">a</span> <span word="slew">slew</span> <span word="of">of</span> <span word="new">new</span> <span word="measures">measures</span> <span word="to">to</span> <span word="further">further</span> <span word="open">open</span> <span word="up">up</span> <span word="its">its</span> <span word="financial">financial</span> <span word="markets">markets</span> <span word="in">in</span> <span word="order">order</span> <span word="to">to</span> <span word="improve">improve</span> <span word="the">the</span> <span word="sector">sector</span>'<span word="s">s</span> <span word="management">management</span> <span word="and">and</span> <span word="competitiveness">competitiveness</span>, <span word="according">according</span> <span word="to">to</span> <span word="the">the</span> <span word="country">country</span>'<span word="s">s</span> <span word="top">top</span> <span word="banking">banking</span> <span word="and">and</span> <span word="insurance">insurance</span> <span word="regulator">regulator</span>.</p><p><span word="A">A</span> <span word="total">total</span> <span word="of">of</span> 12 <span word="new">new</span> <span word="rules">rules</span> <span word="will">will</span> <span word="be">be</span> <span word="released">released</span> <span word="soon">soon</span> <span word="on">on</span> <span word="the">the</span> <span word="basis">basis</span> <span word="of">of</span> <span word="profound">profound</span> <span word="research">research</span> <span word="and">and</span> <span word="evaluation">evaluation</span>, <span word="Guo">Guo</span> <span word="Shuqing">Shuqing</span>, <span word="chairman">chairman</span> <span word="of">of</span> <span word="the">the</span> <span word="China">China</span> <span word="Banking">Banking</span> <span word="and">and</span> <span word="Insurance">Insurance</span> <span word="Regulatory">Regulatory</span> <span word="Commission">Commission</span> <span word="told">told</span> <span word="Xinhua">Xinhua</span> <span word="in">in</span> <span word="a">a</span> <span word="joint">joint</span> <span word="interview">interview</span>, <span word="adding">adding</span> <span word="that">that</span> <span word="China">China</span>'<span word="s">s</span> <span word="financial">financial</span> <span word="opening">opening</span>-<span word="up">up</span> <span word="efforts">efforts</span> <span word="have">have</span> <span word="already">already</span> <span word="drawn">drawn</span> <span word="a">a</span> <span word="positive">positive</span> <span word="market">market</span> <span word="response">response</span>.</p><p><span word="The">The</span> <span word="upper">upper</span> <span word="shareholding">shareholding</span> <span word="limits">limits</span> <span word="for">for</span> <span word="a">a</span> <span word="single">single</span> <span word="Chinese">Chinese</span>-<span word="funded">funded</span> <span word="bank">bank</span> <span word="and">and</span> <span word="a">a</span> <span word="single">single</span> <span word="foreign">foreign</span>-<span word="funded">funded</span> <span word="bank">bank</span> <span word="in">in</span> <span word="a">a</span> <span word="Chinese">Chinese</span> <span word="commercial">commercial</span> <span word="bank">bank</span> <span word="will">will</span> <span word="be">be</span> <span word="abolished">abolished</span> <span word="simultaneously">simultaneously</span>, <span word="according">according</span> <span word="to">to</span> <span word="Guo">Guo</span>.</p><p><span word="Asset">Asset</span> <span word="requirement">requirement</span> <span word="for">for</span> <span word="foreign">foreign</span> <span word="banks">banks</span> <span word="to">to</span> <span word="set">set</span> <span word="up">up</span> <span word="foreign">foreign</span>-<span word="funded">funded</span> <span word="legal">legal</span> <span word="person">person</span> <span word="banks">banks</span> <span word="or">or</span> <span word="branches">branches</span> <span word="as">as</span> <span word="well">well</span> <span word="as">as</span> <span word="for">for</span> <span word="foreign">foreign</span> <span word="financial">financial</span> <span word="institutions">institutions</span> <span word="to">to</span> <span word="hold">hold</span> <span word="stakes">stakes</span> <span word="in">in</span> <span word="trust">trust</span> <span word="firms">firms</span> <span word="will">will</span> <span word="also">also</span> <span word="be">be</span> <span word="removed">removed</span>.</p><p><span word="The">The</span> <span word="financial">financial</span> <span word="authorities">authorities</span> <span word="will">will</span> <span word="treat">treat</span> <span word="all">all</span> <span word="domestic">domestic</span> <span word="and">and</span> <span word="overseas">overseas</span> <span word="entities">entities</span> <span word="equally">equally</span>, <span word="while">while</span> <span word="cooperation">cooperation</span> <span word="and">and</span> <span word="competition">competition</span> <span word="will">will</span> <span word="be">be</span> <span word="carried">carried</span> <span word="out">out</span> <span word="subject">subject</span> <span word="to">to</span> <span word="the">the</span> <span word="same">same</span> <span word="rule">rule</span>, <span word="he">he</span> <span word="said">said</span>.</p><p><span word="In">In</span> <span word="addition">addition</span>, <span word="restrictions">restrictions</span> <span word="on">on</span> <span word="Chinese">Chinese</span> <span word="shareholders">shareholders</span> <span word="in">in</span> <span word="a">a</span> <span word="Sino">Sino</span>-<span word="foreign">foreign</span> <span word="joint">joint</span>-<span word="venture">venture</span> <span word="bank">bank</span> <span word="will">will</span> <span word="be">be</span> <span word="eased">eased</span>. <span word="The">The</span> <span word="requirement">requirement</span> <span word="that">that</span> <span word="the">the</span> <span word="sole">sole</span> <span word="or">or</span> <span word="major">major</span> <span word="Chinese">Chinese</span> <span word="shareholders">shareholders</span> <span word="should">should</span> <span word="be">be</span> <span word="financial">financial</span> <span word="institutions">institutions</span> <span word="will">will</span> <span word="be">be</span> <span word="abolished">abolished</span>.</p><p><span word="The">The</span> <span word="new">new</span> <span word="rules">rules</span> <span word="will">will</span> <span word="also">also</span> <span word="allow">allow</span> <span word="overseas">overseas</span> <span word="financial">financial</span> <span word="institutions">institutions</span> <span word="to">to</span> <span word="hold">hold</span> <span word="stakes">stakes</span> <span word="in">in</span> <span word="foreign">foreign</span>-<span word="funded">funded</span> <span word="insurance">insurance</span> <span word="companies">companies</span> <span word="operating">operating</span> <span word="in">in</span> <span word="China">China</span>.</p>
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