When Chinese President Xi Jinping promised to the world a more open China at Boao Forum for Asia, the first proposal he made was to further open up market access and the financial sector. For Lawrence Brahm, founder and director of the Himalayan Consensus Institute, this is just the "right timing" for China to do so.

He said that in the past the view of the World Bank and the IMF was that countries should "suddenly shock their system by opening their capital market." However, as a nation is transitioning from undeveloped to developed it takes times and previously China's financial system was not mature or stable enough. But now the country has had solid economic foundation and a more stable financial system. It is ready now.