China recently released a series of measures to ease foreign investment restrictions in the securities, fund management, insurance, and banking industries, according to an article in China Briefing.
Most notably, the China Securities Regulatory Commission (CSRC) released CSRC Order No. 140, which raises the foreign ownership limit of securities firms, effective immediately.
To be approved, the foreign investor must satisfy various criteria, including being lawfully established and operating continuously for more than five years, being without any major regulatory violations in the past three years, demonstrating sound financial performance, and holding a strong international reputation.
The CSRC also increased the foreign ownership limit on fund management groups to 51 percent, up from the previous 49 percent cap.
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