The muted impact of China WTO reforms
Bankers are excited about WTO regulations for financial services but are taking a longer-term view.
Every generation or two a piece of international legislation has the ability to transform the economic landscape of a country. For China, its 2001 ascension to the World Trade Organisation WTO truly marked its arrival on the international scene and, for the banking sector, both domestic and foreign, spelled an era where both new opportunities and challenges would emerge.
On 11 December this year, ChinaÆs banking market will open completely to foreign players. While there are still a few regulatory...
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