The proposed opening up of China’s financial sector will prove to be of great interest to G7 countries. Watch for major moves by financial service companies into China. Then add the last story of the expected scale of the asset management sector expanding from $2.5tn to $30tn by 2030 and you see two things.
Firstly, the scale of what is on offer when China is announcing the opening up of its financial services sector. Secondly the enormous significance of President Xi’s report to the 19th Party Congress, almost entirely missed by the western media. Socialism is always associated with economic negative news in the West. But SWCC – Socialism with Chinese Characteristics – is about substantial development of the productive forces of China.
The big opportunities appear to be in China , and with China in BRI and Africa.