85571
China Rectifies Foreign Ownership Rules
China Rectifies Foreign Ownership Rules

China Rectifies Foreign Ownership Rules

China Rectifies Foreign Ownership Rules

China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some restrictions and launched an application process for more foreign ownership, Reuters reported. The consultation period for the new rules that began in March is now over and the final regulations have been officially released for immediate implementation, the regulator said in an announcement on its website late on Saturday. During the review, restrictions limiting single foreign investors to a 30% stake in securities ventures, either directly or via a partner, were removed, according to the state-backed China Securities newspaper. Foreign bankers had expressed concern over this particular restriction, saying it might have required western banks to include a third partner in deals which might stymie broadening international participation in China’s domestic securities markets. Foreign firms that wish to make changes to their equity ownership in local securities joint ventures or that wish to establish a new joint venture can now apply to the regulator, it said in a question-and-answer published online.

 

Short URL : https://goo.gl/nsu9p8
  1. https://goo.gl/eAhrpn
  • https://goo.gl/PymUT9
  • https://goo.gl/nvLp8h
  • https://goo.gl/tb2jcm
  • https://goo.gl/eoLPYQ

You can also read ...

China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus