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MNI BRIEF: China Eyes Foreign Finc'l Firms With 'Expertise'

BEIJING (MNI)

China will welcome foreign financial institutions with expertise in areas such as wealth management, bad loans management and insurance to set up operations and cooperate with local companies, Xiao Yuanqi, Vice Chair of the China Banking and Insurance Regulatory Commission told the Bo'ao Forum Wednesday.

The tie-up between firms could be on financial products, risk management to greater shareholding cooperation, Xiao said, according to China Central Television.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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