Hopes for freer rein on market in China as changes loom

The mainland's new Communist Party leadership, headed by Xi Jinping, will probably unveil new market-oriented changes late next year, according to Li Jiange, head of the country's biggest investment bank.

Li, chairman of China International Capital Corporation and vice-chairman of state-owned Central Huijin Investment, which holds stakes in the nation's biggest lenders, said the focus would probably be on reducing government intervention in the economy and breaking up state monopolies.

He was speaking at Caixin Media's annual conference in Beijing on the weekend.

via Business feed http://www.scmp.com/business/economy/article/1085600/hopes-freer-rein-market-china-changes-loom