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China to open financial sector sooner

Shanghai
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Li Keqiang, China’s premier, said this morning the country would open up its financial sector ahead of schedule and champion globalisation.

Speaking at the World Economic Forum in Dalian, Li said full foreign ownership of securities firms, futures businesses and life insurance companies will be allowed by 2020

It’s the latest step by China’s policy makers to open up the country’s $44 trillion financial industry to overseas competition.

Hong Kong protests: Carrie Lam condemns ‘extreme use of violence’
Hong Kong leader Carrie Lam condemns what she calls the “extreme use of violence and vandalism” by protesters.
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BBC journalist Danny Vincent reports from inside parliament after protesters broke into the Legislative Council.