1、China, the worlds second-largest economy, is looking to increase investment and competition in its financial and banking sectors.Earlier this week, China nearly tripled the amount that international fund managers can invest in the country to 80 billion US dollars.At the same time, Premier Wen Jiabao
2、 has said that the monopoly of state-owned banks needs to be broken.Only last week, the central government approved a trial reform programme in the city of Wenzhou, aimed at creating a hub for private financing.For more on these reforms of the financial sector, I spoke earlier with Shen Hong, China Bureau Chief Dow Jones Newswires.
