An investor monitors stock prices at a brokerage in Beijing. China appears to have accelerated its efforts to open up its financial sector amid its trade spat with Washington. Photo: AP

China to scrap foreign ownership limits in securities, futures and fund management firms next year in apparent trade-war concession

  • The securities watchdog said the limits will be abolished for futures firms on January 1, mutual fund managers on April 1, and securities companies on December 1 next year
  • Move will give foreign players a chance to better tap the Chinese market, but domestic firms will still dominate for a few years to come, say analysts
Topic |   Financial regulation

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An investor monitors stock prices at a brokerage in Beijing. China appears to have accelerated its efforts to open up its financial sector amid its trade spat with Washington. Photo: AP
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