Foreign banks are allowed to provide RMB services to Chinese companies in 25 cities. The geographical and client restrictions on foreign exchange business of foreign banks were removed. Under the precondition of ensuring the state’s controlling stake and the country’s financial safety, foreign capital were allowed to take part in the reform of state-owned commercial banks.
In the securities sector, commitments of opening-up were honored; in addition, explorations have been made to further open the securities market.