China regulator looks to relax foreign investment rules
China is looking at relaxing rules for foreign investment in its financial markets in a bid to stimulate its domestic economy.
China’s Securities Regulatory Commission (CSRC) said it would look as lowering the minimum amount of assets under management a firm is required to have before investing in the domestic market from $5bn to $500m, as well as cut the number of years of experience needed from five to two years.
Foreign investors will also be able to hold a 30% stake in a Chinese-listed company, an increase on the current 20% limit.
A statement from the CSRC said it wanted to attract long-term offshore funds, said the BBC, and “strengthen confidence in the domestic market”.
It also looked at allowing overseas investors with a QFII licence to invest in China’s interbank bond market.
This article was first published on Investment Week