China Is Moving Ahead With New Financial Reforms

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New Policies about the Foreign Investment in China
China Is Moving Ahead With New Financial Reforms. After Donald Trump’s visit to the second world economy, the first of the president of the United States to whom imperial treatment was reserved (he was the first foreign leader to dine in the Forbidden City since 1949), China announced the elimination restrictions on foreign investment on its financial markets.

The Ministry of Commerce of Beijing has announced the removal of limits to the participation quotas of foreign groups to companies operating in the stock, land and futures sectors, according to the Xinhua news agency, which quotes the vice minister, Zhu Guangyao. Foreign groups may hold shares of up to 51%, compared to the current 49% limit.

A measure immediately welcomed by the stock markets of the Colossus of list of usa cell phone numbers the East and which will be introduced gradually within three years for mediation companies, those dealing with managed funds and fixed-term contracts. Extensive spillovers on the banking front: the Chinese vice minister has also announced that the restrictions on ownership by foreign groups in the banking and financial sectors will be removed. Currently, a foreign investor can not hold more than 25% of the capital in a Chinese credit institution (20% is the limit for the individual investor, 25% for the complex of the foreign group)

The step taken by Beijing appears to be important, allowing foreigners to hold the majority of the capital in the financial industry for the first time. A countertrend compared to the measures adopted some years ago, when controls on the movements of capital were imposed, in order to stop or slow down its outflows. An opportunity for investors all over the world, being the second largest economy on the planet and with a growth rate of at least three times higher than those of the USA and Europe.

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