China Introduces More Measures to Open Up Financial Sector

| BY

Marilyn Romero

China has unveiled 11 measures to open up the country's financial sector and scrap foreign shareholding caps in most financial sectors in a bid to bolster and stabilize growth.

Financial Services

Until recently, China’s financial sector was considered a sensitive area and foreign investment in the segment was heavily restricted. In the past few years, however, the sector has witnessed a steady stream of initiatives to open it up to foreign players. The latest round of measures, “Relevant Measures for Further Opening Up the Financial Sector”, were announced by the Office of Financial Stability and Development Committee of China’s State Council on July 20.

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