Foreign bank ownership to be acid test of reform commitment

Foreign market participants in China are closely watching the implementation of new ownership rules for the financial sector, seeing the move as a test of president Xi Jinping's commitment to reform in his second term.

  • By Paolo Danese
  • 14 Dec 2017

With Xi having cemented his position at the heart of the Chinese political system, his commitment to the reform agenda will be the key factor in how rapidly it moves. However, five years into his administration, some in the market struggle to see him as a great reformer.

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