China | China opens financial sector to more foreign ownership
Published on Monday, November 13, 2017 | Updated on Sunday, May 13, 2018
China | China opens financial sector to more foreign ownership
Summary
China has taken a major step toward the long-awaited opening of its financial market. On last Friday, unveiled at a government briefing, Vice Finance Minister Zhu Guangyao said China will remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local securities ventures, fund managers and life insurance companies.
Topics
- Topic Tags
- Regional Analysis China
- Macroeconomic Analysis
Authors
Jinyue Dong
BBVA Research - Senior Economist
Documents and files
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