Signs showed that China's banking sector will speed up opening to foreign capitals. Governor of HSBC Shanghai Branch, Ling Xun revealed a few days ago, the relevant authorities intend to invite foreign shareholders participating in shareholding banks and local ones. Up to now, except 3 policy-oriented banks and 4 state-run commercial banks, there are 10 shareholding banks and approximately 90 local banks in China. Earlier, the news claimed that the fifth commercial bank in China ?China Communications Bank is planing to sell up 15 percent shares to foreign investors that had been approved by the regulators. It's estimated that China Communications Bank's foreign capital inviting plan will be completed next year at the earliest. If the deal succeeds, it will be the first inland commercial bank open to foreign investors. Some foreign banks have noticed that there's news spreading in the market saying that Shanghai municipal government plans to sell its financial assets in Shanghai Bank, Pudong Development Bank and Communications Bank.