In recent months, the China's financial market has been through a turbulent time and experienced fluctuation in policy.

Anbound’s research team is of the view that, in the long term, the China’s economy still has the potential to maintain its higher growth rate and there is no economic basis for the long term depreciation of RMB. This means that the China’s financial reform and liberalization will still be on track.

However, in the short term, having experienced the turmoil, the reform of the financial market in China will be more cautious; the pace of the capital account liberalization will slow down or even halt.