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China to continue opening financial sector

China will continue to open its financial sector to the outside world
gradually, Minister Zeng Peiyan in charge of the State Development
Planning Commission said at the ongoing Fortune Global Forum in
Shanghai Tuesday.

The opening-up of the financial sector has been going on smoothly
during the past years and the Chinese government will push the
process forward step by step on the basis of experiences gained in
the past and lessons learned from the Asia financial crisis, Zeng told participants in the forum's plenary session this afternoon.

To date, more than 170 overseas banks have been allowed to set up branches or subsidiaries in China to conduct businesses, Zeng said.
(Xinhua)

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