Amid China Slowdown, Asian Giant Previews Schedule for Lifting Foreign Ownership on Fund Managers

Posted on 10/14/2019

Against the backdrop of a protracted trade dispute with the United States, China’s securities regulator has laid out a timetable allowing full foreign ownership of financial service companies – a move in the past desired by U.S. banking executives. Amid emerging distress in China’s financial services sector, in November 2017, then China’s deputy finance minister […]