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Published on Monday, November 13, 2017 | Updated on Sunday, May 13, 2018

China | China opens financial sector to more foreign ownership

Summary

China has taken a major step toward the long-awaited opening of its financial market. On last Friday, unveiled at a government briefing, Vice Finance Minister Zhu Guangyao said China will remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local securities ventures, fund managers and life insurance companies.

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Authors

Jinyue Dong BBVA Research - Principal Economist

Documents and files

Report (PDF)

171113_China_foreign-ownership

English - November 13, 2017

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