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