January 16, 2020 / 4:41 AM / 12 days ago

Chinese financial institutions can cope with foreign competition - c.bank

BEIJING, Jan 16 (Reuters) - Chinese financial institutions are completely capable of coping with foreign competition as the sector is freed up, the central bank said on Thursday, after China and the United States signed a initial deal on trade.

The bank will strengthen financial supervision and prevent risks in the process of financial opening, it added in a statement. (Reporting by Beijing Newsroom; Editing by Clarence Fernandez)

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