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What US Treasury Secretary really intends to do?

Ace investment banker from the Wall Street Henry M. Paulson has visited China in his capacity as the US treasury secretary. During his recent trip, he talked a lot about the reform in banking sector and confused differences in the basic concepts of the reform and opening-up. In his speech at Shanghai futures exchange, he said China needs to quicken reforms of financial sector, and the faster the reforms the better. And greater risks will be incurred if the reforms are postponed. In dealing with challenges facing China's banking sector, he also set forth three proposals, namely, "allowing Chinese banks to sell controlling stakes to foreign investors, increasing QFII quotas and loosening restrictions on the participation of foreign banks in the domestic capital market and health insurance sector.