On July 22, the Office of the Financial Stability and Development Committee of the State Council issued measures to expand the opening up of the financial industry. Allowing foreign investment institutions to conduct credit rating business of all kinds of bonds in the inter-bank bond market and the exchange bond market. Encouraging Foreign financial institutions to participate in the establishment and investment of financial subsidiaries of commercial banks. Allowing Foreign asset management institutions to establish financial management companies controlled by foreign parties in joint ventures with subsidiaries of Chinese-funded banks or insurance companies. Allowing Foreign financial institutions to invest inRead More →
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