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"For these financial institutions, the local government special bonds will become an effective supplement to market-oriented financing measures by satisfying the institutions' financing needs that cannot be met using these measures," Zeng said.

"For example," said She Guiqing, the court's vice-president, "the identities of lawyers and litigants must be verified through a facial recognition system, and evidence online is protected by blockchain technology to prevent it from being falsified." He said that the process of a lawsuit will be seen via the court's e-platform, which will reduce traffic costs to litigants and make judicial work more transparent.

"Foreign firms, such as our own, often have to hire talented people with financial and language capabilities, and an understanding of international compliance standards. We have seen a huge improvement over the last couple of decades in this area and the key reason is China's opening up," Lu said.

"From the perspective of direct banks themselves, meanwhile, they don't have a clear strategic positioning, which results in overlapping of business with traditional banks."

"Foreign companies know that if they want to make money in China, they must follow Chinese laws and maintain good relations with Chinese customers," Zhu said.