Competition's good, not the knell for FS

Foreign players will play a bigger role in the Chinese financial services or FS market in the foreseeable future. That seems to be the consensus view of market experts.

They foresee intense competition. But Chinese players need not feel intimidated; rather, they should treat this as an opportunity to reform their business structures, models and operations, they said.

The Chinese central regulators have been firm in their resolve to create a more open financial market, in order to provide more stimulus and vibrancy to the economy.