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10/11, 10:47 AM (Source: TeleTrader)
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China to remove ownership limits in finance for foreigners

The Chinese Securities and Regulatory Commission announced on Friday it was removing emoving foreign ownership limits in futures, securities, and mutual fund companies in 2020.

The regulator stated the limits on foreign ownership of futures companies will be removed by January 1, while the restrictions on ownership of securities firms and mutual fund companies will be scrapped by April 1 and December 1 respectively.

Breaking the News / MD