After years of promises, Chinese regulators are finally starting to make steady progress on the opening of the financial sector to more foreign participation. Since the beginning of April, Chinese regulators have announced, and subsequently followed up on, a spate of measures to increase foreign ownership caps in areas like life insurance and stock brokerage while widening the ability of foreign entities to participate in areas including bond underwriting and insurance brokerage.
Why are Chinese regulators making these moves now? The European Chamber is delighted to welcome Trivium/China co-founder, Andrew Polk to explain how a host of domestic policy priorities, including the need to coax further foreign investment and to reduce systemic risk, have converged with external pressures to create an environment that is ripe for accelerated opening in 2018.
Polk will discuss the details of recent opening measures in the financial sector, putting them within the broader policy context, and highlighting the many hurdles that still remain for companies to take advantage of these changes.
Agenda
09:00-09:05 Welcome remarks, European Chamber representative
09:05-09:50 China's Accelerating Finacial Sector Reform: Why Now?, Andrew Polk, co-founder Trivium/China
09:50-10:30 Discussion with Andrew Polk and Lucy Hornby, China Correspondent, Financial Times
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