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China's financial sector is not open....>

CHINA PRESS
CHINA PRESS: China's financial sector is not open enough and the country must
focus on further reforming and opening up the sector, stressed Xu Zhong,
director of the research bureau at PBOC, in his article published Thursday in
Economic Daily.
  - China's financial opening up should not be abrupt and without preparation,
but should be a steady and orderly process based on enhancing financial
regulation and the transparency of the financial market: Xu; 
  - Foreign financial institutions' market share in Chinese market is not high;
the bond market also needs to be more open to foreign counterparts.

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