China will encourage foreign capital to participate in its financial markets and may allow foreign-funded financial institutions to go public in the country when 'conditions are ripe', local media quoted a former finance minister as saying on Saturday.
A man wearing a mask walks by the Shanghai Stock Exchange building at the Pudong financial district in Shanghai, China, February 3, 2020. REUTERS/Aly Song/File Photo
Such moves would be in line with the country's opening up of its financial industry, Lou Jiwei told the Global Asset Management Forum in Beijing, according to the 21st Century Business Herald newspaper.
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