China’s Financial Opening: Risks and Opportunities

Feb. 8-9, 2019 | UC San Diego

One of the much-anticipated reforms in the Chinese economy is the opening of its financial sector to foreign competition. Amid growing trade tensions between China and the U.S., China has announced plans to carry out financial reforms in the banking, insurance, and securities and asset management sectors. Has the time finally arrived for China to carry a substantial opening of its financial sector?  What segments of China’s financial market do foreign financial institutions find most attractive? Will financial opening enhance efficiency and promote innovation for the Chinese economy? What are the regulatory risks for them?

The 21st Century China Center at UC San Diego will convene a day-long conference with a mix of market participants, economists, and policy experts to explore these questions and related issues. Conference participants will delve deeply into related questions about the economic benefits, the financial market potentials, and the challenges for foreign financial institutions in China. First, economists and experts of China's financial market will discuss how the opening of China's financial market to foreign competition can enhance efficiency and promote innovation in China. Second, market participants will discuss promising niches in the Chinese financial market in which both domestic and foreign financial institutions can participate. Finally, market participants and policy makers will discuss some of the benefits and remaining obstacles of being a foreign financial institution in China.

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