China has quietly embarked on a new push for financial reform, announcing measures in recent days that advance the cause of capital market liberalisation.
Regulators have tripled the size of a trial programme that allows investors to short shares, and indicated that they want to let more private cash into the state-dominated banking sector.
They have also taken steps to support the issuance of local government bonds and opened the country’s closely guarded capital account a little wider.
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