Limits on proportions of foreign-capital shares in securities companies and funds management companies are cancelled since 2020, as confirmed by CSRC..

PUBLISH DATE:2019-10-12     Source:News Flash of Investment Promotion Platform, Iss. 17, 2019, (380 issues in total)
Supporting fields: Financial Industry

According to CSRC on Oct. 11, since Apr. 1, 2020, limits on foreign investment shares of funds management companies will be canceled across the country; since Dec. 1, 2020, limits on foreign investment shares of securities companies will be cancelled across the country. According to Gao Li, spokesman of CSRC, in July of this year, the Financial Stability and Development Committee under the State Council issued the Measures on Advancing Opening-up of the Financial Industry, which brings forward the time schedule for cancelling caps of foreign investment shares of securities, funds management and futures companies forward from 2021 to 2020. Limits on proportions of foreign-capital shares in securities companies and funds management companies are cancelled since 2020, as confirmed by CSRC..

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