China may have financial reforms backwards, economists argue

Andrew Sheng, an advisor to the CBRC

China is at risk of undercutting efforts to liberalise domestic interest rates by opening up the country's capital account too quickly, leading economists warned today (May 20) in a roundtable discussion at the University of Hong Kong.

The event, organised by the International Finance Forum (IFF) and the Institute for China and Global Development, previewed the inaugural IFF China Report, which will be published in collaboration with Central Banking on June 9.

The report will focus on China's

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