Zhou signals China financial opening will need negotiation

BOAO: People’s Bank of China governor Zhou Xiaochuan said the country is preparing to further open its financial sector, and that doing so will involve negotiations over how other nations treat Chinese investors.

Areas of potential liberalisation include banking, insurance, investment banking, securities firms, and payment systems, Zhou told a gathering of Asian leaders Sunday during a panel talk at the Boao Forum for Asia on the southern Chinese island of Hainan.