Inside China: how the PRC is opening up to FDI

Author: | Published: 27 Apr 2018

The PRC is progressively introducing a series of measures to ease restrictions on foreign investment

China plans to further open its domestic market amidst brewing Sino-US trade conflicts and the financial services sector is receiving encouraging signals. On April 10, President Xi delivered a keynote speech at the opening ceremony of the Boao Forum for Asia Annual Conference 2018, confirming, among other things, that the country will further open up its financial market. On April 11, Gang Yi, governor of the People's Bank of China (PBOC), announced that a number of financial service sectors will see foreign investment restrictions relaxed within the year. These statements appear to be more than rhetoric. Commercial banks, securities companies, futures companies, fund management companies, trust companies and financing companies may all see reduced foreign investment restrictions in the coming months....