A pedestrian walking past the People's Bank of China headquarters in Beijing, China recently. A committee of the central bank said on Saturday that China would remove shareholding limits on foreign ownership of securities, insurance and fund management firms in 2020, one year earlier than originally planned. Photo: Bloomberg

China to open up finance sector to more foreign investment in 2020, one year earlier than planned

  • Shareholding limits on foreign ownership of securities, insurance and fund management firms will be removed in 2020
  • Foreign investors will also be encouraged to set up wealth management firms, currency brokerages and pension management companies
Topic |   China economy

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A pedestrian walking past the People's Bank of China headquarters in Beijing, China recently. A committee of the central bank said on Saturday that China would remove shareholding limits on foreign ownership of securities, insurance and fund management firms in 2020, one year earlier than originally planned. Photo: Bloomberg
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