People’s Bank of China Governor Zhou Xiaochuan said the country is preparing to further open its financial sector, and that doing so will involve negotiations over how other nations treat Chinese investors.

Areas of potential liberalization include banking, insurance, investment banking, securities firms, and payment systems, Zhou told a gathering of Asian leaders Sunday during a panel talk at the Boao Forum for Asia on the southern Chinese island of Hainan. Foreign financial companies are mostly banned from doing business in China except in partnerships with domestic entities.

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