AFP, Shanghai :
China said on Wednesday it would allow foreign investors greater access to its stock markets and promised that other previously announced financial reforms would come into effect within months in its latest conciliatory signals amid US trade tensions.
China’s securities regulator said foreign investors would be allowed to trade a greater volume of shares on Chinese stock markets through existing programmes linking Hong Kong’s bourse with mainland exchanges, and also will “strive” to establish a similar link between Shanghai and London this year.
Central Bank Governor Yi Gang also said China would move ahead with plans to remove limits on foreign shareholdings in Chinese financial institutions.
Foreign firms will be allowed to own as much as 51 percent of joint ventures in the securities, funds and futures industries, up from the current 49 percent, Yi told the Boao Forum for Asia in southern China.
All limits are to be removed in three years, the government had said previously.
China said on Wednesday it would allow foreign investors greater access to its stock markets and promised that other previously announced financial reforms would come into effect within months in its latest conciliatory signals amid US trade tensions.
China’s securities regulator said foreign investors would be allowed to trade a greater volume of shares on Chinese stock markets through existing programmes linking Hong Kong’s bourse with mainland exchanges, and also will “strive” to establish a similar link between Shanghai and London this year.
Central Bank Governor Yi Gang also said China would move ahead with plans to remove limits on foreign shareholdings in Chinese financial institutions.
Foreign firms will be allowed to own as much as 51 percent of joint ventures in the securities, funds and futures industries, up from the current 49 percent, Yi told the Boao Forum for Asia in southern China.
All limits are to be removed in three years, the government had said previously.
