Sino-US talks making good progress

Official: Mutual respect, benefit core of ongoing negotiations between two sides

China and the United States are very likely to reach a consensus on further opening up China's financial sector in their ongoing trade talks, the country's top banking and insurance regulator said on Tuesday.

"On issues of financial opening-up, China and the US can absolutely reach an agreement, although there may still be small divergences at present," said Guo Shuqing, Party secretary of the People's Bank of China and chairman of the China Banking and Insurance Regulatory Commission.