China is making great efforts on further financial market opening. Still, many foreign financial institutions are concerned about they perceive as risks of doing business in the country.  

Wang Jianhui, general manager of research and development at Capital Securities, pointed out that "when the foreign investment institutions come to China, they often unfamiliar with everything," making it easy for them to make mistakes.  

"We do have a lot of work to improve our business environment. For instance, on policy stability, we often see policies swing from here to there, which is a major concern for most foreign investors. The government should provide some kind of room in this area."  

"I think they have read too many articles by people who are pessimists. I think they should get a more comprehensive source of information.” 

So what has China done this year to ensure that international investors have more access to China?  

First, China has scrapped the quota limit for qualified financial institutional investors and renminbi qualified financial institutional investors. They are the two major foreign investors in the Chinese capital market. China says the move matches the increasing importance of yuan assets in those investors' global portfolios.  

They could bring fresh liquidity into the Chinese market. Meanwhile, international banks and insurers are allowed to have wider market access in China. They will boost market activities in China and heat up competition to improve financial market efficiency in China. To facilitate trading, China now also allows easier inter-bank bond trading for foreign banks. 

China's fintech is leading the world in online payment and many other things. There are also tremendous opportunities left for foreign players, especially investment institutions that have global networks in financial services.  

"China is the world's number one trading power, and needs tremendous services for her business around the world," Wang said. "Foreign institutions may have more opportunities. And the sophisticated financial tools and expertise in risk management are also a strong point of these investment players.  

"The foreign institutions may play a key role in the market. In the future, we will not see the whole market and unified service scheme, we will see a lot of business models, a lot of opinions, so I think we need more foreign players and providers."

Wealth management is thriving in China. Foreign organizations have a long history and lots of experience in this area and Chinese financial organizations could learn from them.

"Most of the foreign investors are also mainly global players. They have quite a lot of experience in global expansion. Meanwhile, their experiences build up and create systems that are very important to China," Wang said. 

"Start with business in China, I think they could concentrate on those with untapped wealth. For example, we have over 70 trillion in household savings just sleeping in the back of accounts; we also have about 56 trillion yuan in assets. Those allocations are not efficient and could be improved.  

"I think foreign intuitions could also consider to start outside of China, with the Belt and Road Initiative, for example, and could work with Chinese players to develop third-party markets and develop long-term cooperation and relationships."