Under trade deal, China agrees to improve access to its financial sector
Автор: CNA
Загружено: 2020-01-16
Просмотров: 232
Описание:
China's financial sector could face an overhaul, following the signing of a partial trade deal with the US. Under the deal, China has agreed to improve access to its $40 trillion sector, which includes banking, insurance, asset management, payment and fund management services. Beijing has also agreed to fast forward by nine months an agreement to abolish foreign ownership caps on financial firms. For investors, these changes will strengthen competition in an environment that has for years made business all the more harder for foreigners. It also ups security and governance, and introduces greater checks and balances.
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