China Targets More Foreign Investments by Opening the Financial Sector

China Targets More Foreign Investments by Opening the Financial Sector

(Reuters) China is targeting more foreign investments by opening up the financial sector and improving rules for overseas banks and insurance firms courting its territory.

China aims to ease market access requirements for foreign financial institutions to attract investments into the country.

Rules on cross-border exchanges between parent companies and their subsidiaries will be improved.

The world’s second largest economy will strengthen the macro-prudential framework to evaluate and manage systemic financial risks, while also maintaining the stability of the yuan.

China will also maintain a steady flow of imports and exports in the second half of the year.

CSI 300 is up +0.69%, USDCNY is down -0.20%.

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