China-US dialogue renews foreign interest in PRC financial sector

Immediately after the three-day meeting between U.S. President Donald Trump, President Xi Jinping and their respective officials in Beijing, China’s Vice Finance Minister Zhu Guangyao is reported to have announced, in a press conference held on 10 November 2017, sweeping relaxation of foreign investment limits to be introduced across the major financial services sectors in the PRC.

The changes, if fully implemented, would liberalise the financial service markets in the PRC to an extent not seen since China’s commitments made upon its accession to the World Trade Organisation at the turn of the new millennium.

Read the full report: China-US dialogue renews foreign interest in PRC financial sector