Consumer testing indicated that consumers are often confused about this aspect of balance transfer offers; testing also indicated that a disclosure that is short and simple while accurate and complete is challenging to achieve. The proposal seeks to balance these objectives in a new disclosure that alerts consumers that they will pay interest on their purchases until they pay the transferred balance in full.
Foreign investors' access to the onshore capital markets in China, which is still restricted, is a case in point and underscores the necessity for Chinese policymakers to continue to resolutely press ahead with the opening-up and liberalisation of the Chinese markets. Thank you very much for your attention. 3/3  BIS central bankers' speeches