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China to allow more foreign investors to make strategic investment in listed firms, to step up crackdown on irregularities – State Council

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China’s State Council said on Wednesday it will allow more qualified foreign investors to make strategic investment in Chinese listed companies and the cabinet pledged to step up efforts to crack down on irregularities in the capital market.

To facilitate foreign investors's strategic investment, the authority will improve standards, simplify the procedure and improve diversified exit mechanism, said the State Council in a policy meeting on Wednesday, according to the state broadcaster.

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