China, Germany to boost financial sector cooperation

China and Germany Friday signed a series of agreements to strengthen cooperation in banking and financial sector supervision, as Beijing moves to open up the country's financial markets.

The agreements were signed at the end of a two day visit by German Finance Minister Olaf Scholz to Beijing for talks with Vice Premier Liu He, China's top economic official.

"German insurers and banks will now have easier access to the Chinese market," said Scholz at the conclusion of the talks. "This is an important step that we have been waiting for a long time."
"We need rules of the game that work well, and reciprocity is the key to achieving this, and that means that Chinese companies in Germany and