Governor Yi Gang speaking at the Boao Forum in China

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  • PBOC well prepared for global monetary policy normalisation
  • China-US rate differential is in a comfortable range
  • Lending & deposit rates will mainly be determined by market

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  • China to remove foreign ownership caps on banks
  • China's financial sector opening will go hand in hand with financial reforms
  • Aims to launch London-Shanghai stock connect this year
  • to relax controls on foreign ratings agencies