Genworth Financial Inc (GNW): China pledges to allow more foreign inve...

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Genworth Financial Inc (GNW)

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Wednesday, 04/11/2018 9:59:20 AM

Wednesday, April 11, 2018 9:59:20 AM

China pledges to allow more foreign investment in financial sector by year-end
PBOC Governor Yi Gang said that China will allow foreign firms to compete on an equal footing with domestic companies in the sector.
The central bank also confirmed it wants to set up a planned trading link between its stock markets and London by end-2018.
China will raise foreign ownership limits to 51 percent in securities, fund management, futures and life insurance companies "over the next few months.

Joe Stocks

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