5 December, 2017
CHINA: Planned opening of the financial sector
SUPLY CHAIN
China is taking another step towards opening its financial sector to foreign companies.
China will allow foreign companies to take majority holdings (51%) in Chinese banks, brokerage or asset management companies: this ceiling should be abolished within three years
This announcement, made by the Chinese Deputy Minister on the last day of the official visit of the President of the United States is a new strong signal of China's will to open upWhile Donald Trump denounces Beijing's protectionism and the inequity of trade relations between the two partners.
>> Further information:Export China: New wave of tariff reduction!(November 2017)
Source:
source: www.lepoint.fr
Editor(s): J. BONNTON
Editor: