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
BEIJING (Reuters) – Chinese financial institutions are completely capable of coping with foreign competition as the sector is freed up, the central bank said on Thursday, after China and the United States signed a initial deal on trade.
The bank will strengthen financial supervision and prevent risks in the process of financial opening, it added in a statement.
Reporting by Beijing Newsroom; Editing by Clarence Fernandez
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