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China and Germany to bring financial relations “to a new high”

China and Germany plan to open their markets wider to each other’s banks and insurers to bring the financial cooperation “to a new high”.

The two sides signed a series of agreements to strengthen cooperation in banking and financial sector supervision, following a two-day visit by German Finance Minister Olaf Scholz to Beijing for talks with Vice Premier Liu He .

"German insurers and banks will now have easier access to the Chinese market," said Scholz at the conclusion of the talks, who also urged equal treatment for foreign companies operating in China -- a long-running complaint from the . . .

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