On 20 July, 2019, the Office of the Financial Stability and Development Committee under the State Council ("FSDC") unveiled 11 new measures1 (the "New Measures") to substantially further open up China's financial sector to foreign investment. Immediately thereafter, the relevant regulators, namely, the People's Bank of China ("PBOC"), the China Securities Regulatory Commission ("CSRC") and the China Banking and Insurance Regulatory Commission ("CBIRC"), released pre-prepared explanatory comments on the New Measures on their official websites.2 In this Note, we will look at each of the New Measures, together with the corresponding explanatory comments
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RegisterOpen for business: China ignores 'background noise' and forges ahead with opening up its financial sector
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China
October 22 2019
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