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Central bank: Chinese financial institutions can cope with foreign competition

China Materials 16 January 2020 09:25 (UTC +04:00)

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, Trend with reference to Reuters reports.

The bank will strengthen financial supervision and prevent risks in the process of financial opening, it added in a statement.

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