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China to remove foreign ownership limits on financial sector in 2020


Chinese securities regulator announced a timetable for fully opening its futures, brokerage and fund management sectors to foreign investors next year.

China will remove the cap on foreign ownership in futures companies on January 1, 2020, scrap the foreign ownership limits in fund management companies on April 1 next year and lift such restriction for securities companies on December 1, 2020, said the China Securities Regulatory Commission (CSRC) at a press briefing on Friday.

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