March 13, 2020 / 10:35 AM / 15 days ago

China will lift foreign ownership caps on securities firms from April 1

(Reuters) - China will lift foreign ownership caps on securities firms starting April 1, China’s securities regulator said on Friday.

The new rule is in accordance to implement Sino-US Phase 1 trade deal.

China will actively push for the opening up of its capital market, the regulator said.

Reporting by Leng Cheng and Ryan Woo; editing by Jason Neely

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below