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China's financial opening-up should.....>

CHINA PRESS
MNI (Beijing)
CHINA PRESS: China's financial opening-up should be in line with economic growth
and development of its financial systems, and opening up of the sector too
quickly or immaturely introduces risks, the Economic Information Daily reported,
citing industry analysts' reaction to senior leader Liu He's speech in Davos.
Liu said this week that China will allow access to its markets at a pace
exceeding the world's expectations.
 - Tackling China's risks from shadow banking and local government debt will
remain a priority, newspaper cited industry analysts.
***COMMENT: Xinhua is advocating caution. There is probably much dissension
within China on giving too much and too soon financial-market access to overseas
players. Policy makers will have to balance these interests, so Liu's words
shouldn't be taken as a promise.
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