The Trader 

Market Outlook: China’s Big Bang

The Trader

Reuters reports that today China said it will lift limits as to how much of its financial firms foreigners can own.  Businesses dealing in securities, futures and funds can be up to 51 per cent owned by outsiders, though as yet no date has been set.  At a press conference this morning Vice Minister of Finance Zhu Guangyao will also relax controls on the foreign ownership of Chinese banks, insurance companies and asset management firms.   

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