Fang Xinghai, vice chairman of the China Securities Regulatory Commission, speaks at the the Lujiazui Forum in Shanghai on June 14, 2018. Photo: Bloomberg

China still ‘exploring’ international board for foreign companies to raise funds on Shanghai Stock Exchange

  • News likely ‘in foreseeable future,’ says Fang Xinghai of China’s securities regulator
  • Global heavyweights earlier expressed interest in raising yuan-denominated capital on such a board
Topic |   Stocks

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Fang Xinghai, vice chairman of the China Securities Regulatory Commission, speaks at the the Lujiazui Forum in Shanghai on June 14, 2018. Photo: Bloomberg
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The People’s Bank of China is supporting a trial scheme to be based in Shanghai that will remove ownership limits in firms in companies providing securities and fund management services. Photo: Xinhua

China mulls ‘end to foreign ownership limits’ on financial firms, signals bold effort to remove barriers in reform plan

  • PBOC governor Yi Gang said he supports Shanghai-based pilot scheme that will scrap foreign ownership limits in firms providing securities and fund management services
  • Top financial regulators outline measures to broaden market access, remove barriers
Topic |   China economy

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The People’s Bank of China is supporting a trial scheme to be based in Shanghai that will remove ownership limits in firms in companies providing securities and fund management services. Photo: Xinhua
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