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Zhou Xiaochuan, former governor of the People's Bank of China

In terms of transparency, China has shown its willingness to solve problems in corporate governance and the quality of external audit. Over the past few years, authorities took measures to crack down on financial statement fraud, market manipulation and insider trading in the capital market. However, it needs time to improve regulation and corporate governance.

In a bid to further open up the capital market, the central government rolled outthe Shanghai-Hong Kong Stock Connect, the Shenzhen-Hong Kong Stock Connect and the Shanghai-London Stock Connect. In this respect, it could be further enhanced.

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