China Rate Hike Holds Promise For Investors | Global Franchise
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Wednesday 10th August, 2022

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China Rate Hike Holds Promise For Investors

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China Rate Hike Holds Promise For Investors

Foreign ownership limits in financial firms are set to be be raised, according to Reuters, which sees the move as…

Foreign ownership limits in financial firms are set to be be raised, according to Reuters, which sees the move as “granting access to a tantalizing multi-trillion dollar financial services market, as the world’s second-biggest economy seeks to position itself as a major global finance hub.”

The change in policy was announced by vice finance minister Zhu Guangyao and may be seen as part of a range of initiatives that include opening up capital markets.

The limit on foreign ownership in joint-venture companies in the futures, securities and funds markets rises from 49 per cent to 51 per cent.

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