The headquarters of the People’s Bank of China. The central bank said on Saturday it would scrap shareholding limits on foreign ownership of securities, insurance and fund management firms in 2020, one year earlier than initially planned. Photo: Xinhua

Foreign finance firms say they’ll speed up their expansion in China after Beijing’s latest moves to open up the sector

  • By opening up its financial industry to more foreign participation Beijing hopes to attract capital investment to help rescue the country’s stuttering economy
Topic |   China economy

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The headquarters of the People’s Bank of China. The central bank said on Saturday it would scrap shareholding limits on foreign ownership of securities, insurance and fund management firms in 2020, one year earlier than initially planned. Photo: Xinhua
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