Financial sector to open wider, Goldman Sachs says

An in-depth opening up of the Chinese financial market is expected to be a fundamental part of the country's economic growth strategy in the coming years, Harvey Schwartz, president and co-chief operating officer of The Goldman Sachs Group, said on Wednesday.

The pace and direction of Chinese financial reform after the upcoming 19th National Congress of the Communist Party of China are the US financial service giant's primary focus, said Schwartz during his visit to Beijing after meeting Chinese politicians and regulators.

How China will position itself through the reform, measures on liberalizing the capital market, and how to approach the economy, are the key issues the Goldman Sachs executive has shown his interest in.