CHINA: China Widens Access to Financial Markets for Foreign Investors

Friday November 10 2017

On 10^th November 2017, China announced measures that will ease or lift foreign investment restrictions in its financial markets.

Foreign businesses will be allowed to own up to 51 percent of shares in securities ventures, fund managers and insurers. The current cap will be phased out over three years. Restrictions on investment in Chinese banks and financial asset management companies will be removed.

After three years, foreign investors will be allowed to own up to 51 percent of shares in joint ventures in life insurance and with the cap removed in five years.

During the press conference, Vice Finance Minister Zhu Guangyao stated that duty on automobiles will be reduced “at an appropriate pace,” and restrictions on foreign investment in special and new energy vehicle manufacture will be eased in free trade zones before next June.

Click on the link above for further details.