FYI: Chinese President Xi Jinping said in a speech last week that the country was “steadily widening the opening up” of its financial industry.
For China watchers, steadily was the key word. Almost exactly a year after the country announced historic plans to ease local ownership rules and entry barriers to what’s now a $45 trillion industry, the pace of change has been closer to a crawl than a sprint. While Xi signaled that China’s opening remains on track despite the country’s trade war with America, he also made it clear that policy makers will move deliberately.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-11-11/wall-street-s-45-trillion-china-dream-inches-toward-reality
