In the face of slowing growth and what policymakers are calling a “new normal” for China’s economy, central planners have stepped up the pace of long-discussed financial liberalizations, from the opening of free trade zones and the Shanghai-Hong Kong Stock Connect to—most recently—the proposed establishment of a deposit insurance system. While the immediate effects may mean little for foreign businesses in China, long-term impacts could include full liberalization of interest rates and the...
China Market Intelligence
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