China allowed more foreign investment in financial sector
China has lifted some restrictions on foreign investment in the financial sector.
China will remove shareholding limits on foreign ownership of securities, insurance and fund management firms in 2020, a year earlier than originally planned.
foreign investors will also be encouraged to set up wealth management firms, currency brokerages and pension management companies.
foreign-owned credit rating agencies will also be allowed to evaluate a greater number of bond and debt types
China has lifted some restrictions on foreign investment in the financial sector.
China will remove shareholding limits on foreign ownership of securities, insurance and fund management firms in 2020, a year earlier than originally planned.
foreign investors will also be encouraged to set up wealth management firms, currency brokerages and pension management companies.
foreign-owned credit rating agencies will also be allowed to evaluate a greater number of bond and debt types
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