The China Daily says:
By the end of last June, 71 overseas banks had built branches in China, and they were allowed to provide Renminbi services for institutional clients in 25 cities, according to figures from the Ministry of Commerce.
Meanwhile, 23 joint-venture fund management companies and seven joint-venture securities companies had been established in the country.
According to China's commitment to the WTO, it will fully open its financial market by the end of this year.
To read more:
http://www.chinadaily.com.cn/china/2006-09/07/content_683171.htm
AFP reports:
World Trade Organization (WTO) chief Pascal Lamy gave China high marks for its implementation of the global body's trading rules but said the Asian giant's record was still not perfect.
"The overall appreciation is a positive one," Lamy said in Shanghai in a speech that reviewed China's WTO performance since it joined in December 2001.
"Even if there are still areas that need some improvements, the political commitments and determination shown by the Chinese government are serious and responsible."
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