PBoC unveils 11 measures to open up China’s financial sector

strategy-shanghai
Shanghai is a hub of Chinese finance

The People’s Bank of China (PBoC) has announced 11 measures to further open up the country’s financial sector, as it pledges to ease restrictions on foreign investment in securities firms and bond underwriting.

China will lift shareholding restrictions on foreign ownership of securities, insurance and fund management firms in 2020, the central bank said on July 20. It was originally planned to remove the 51% foreign ownership cap in 2021, president Xi Jinping said in April 2018.

The new

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: