02:16 China allowing 100% foreign capital control in financial institutions ✦ 04:32 China's transition from a planned economy to a market economy in the 1990s ✦ 06:48 The Financial Service Modernization Act brought significant changes to the American financial system. ✦ 09:04 China is allowing foreign companies to have greater control in its financial institutions. ✦ 11:20 China's financial industry gradually opened up to foreign investment and experienced various reforms and crises ✦ 13:36 Changes in foreign investment rules in Chinese financial sector. ✦ 15:52 China's opening of its financial industry to foreign investment is driven by the current economic situation and increased interactions between ordinary people and banks. ✦ 18:05 Opening up to foreign investment in China's financial industry is a gradual and strategic move.