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Regulators rule as judge and jury
HOME > PAST ISSUE > PERSPECTIVE [Premium content]July 2006
Foreign players looking to set up in China's financial services sector are entering a regulatory battlefield where the rules of engagement are alien to the ones back home
Five years after China joined the WTO, promises made to open up its financial sector to foreign-invested businesses are approaching fulfilment. The final elements - mainly relating to the banking sector - are likely to be in place by the end of this year and the leading foreign firms have great plans for expansion. What, then, are the next five years likely to bring? I suggest that one feature is likely to be an intensification of the regulatory risks faced by foreign companies.
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