Chinese financial institutions can cope with foreign competition: central bank

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Chinese financial institutions can cope with foreign competition: central bank
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Chinese financial institutions are completely capable of coping with foreign com...

FILE PHOTO: A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, China April 3, 2014. REUTERS/Petar Kujundzic

The bank will strengthen financial supervision and prevent risks in the process of the sector’s opening, the People’s Bank of China added in a statement.

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