A street in Shanghai. The China Banking and Insurance Regulatory Commission says it will collect public opinion on the rule change for a month. Photo: EPA-EFE
China to cut foreign ownership cap for firms handling US$2.9 trillion in assets
  • Draft rules pave the way for foreign investors to raise their stakes in insurance asset management companies to 100 per cent and assume control
  • Announcement seen as signalling China’s commitment to removing foreign ownership limits
10 Dec 2021 - 5:20PM