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China Announces Updated Timeline for Further Opening Its Financial Sector to Foreign Investors
17 April 2018
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On April 11, China announced an updated timetable and more details on proposed changes to further open its financial sector to foreign investors.
The current 50% and 49% limits on foreign ownership in Chinese life insurance companies and securities investment fund management companies, respectively, will be raised to 51% within a few months, and all foreign ownership restrictions in these sectors will be removed entirely in three years.
We expect to see further relaxation of the implementing rules relating to foreign investment, together with enhanced supervision of the Chinese financial sector, in the near future.
William Y. Chua
Alexander R. Cochran
E. Drew Dutton
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