China’s financial system: opening up and system risk

China’s financial sector has grown massively in size and has become systemically important. In addition, it has also become much more complex with increasing systemic risk. The cyclical -beyond the structural – deceleration that the Chinese economy is undergoing is one of the key risks that the Chinese financial system is facing. At the same time, China has decided to open up its financial sector to foreign competition. What can foreign banks expect to find? Should they grab this opportunity? Giuseppe Porcaro is joined by independent economist Gary Liu and Bruegel Senior Fellow, Alicia García-Herrero.



The Sound of Economics

Insights, debates, and research-based discussions on economic policy in Europe and beyond. The podcast is produced by Bruegel (, an independent and non-doctrinal think tank based in Brussels. It seeks to contribute to European and global economic policy-making through open, fact-based, and policy-relevant research, analysis, and debate. A podcast member of EuroPod.