China pledges to expand financial market opening as U.S trade delegation arrives

Chinese Premier Li Keqiang speaks at a news conference following the closing session of the National People's Congress, at the Great Hall of the People, in Beijing, China, on March 15, 2019.China will sharply expand market access for foreign banks and securities and insurance companies, especially in its financial services sector, Premier Li Keqiang said on Thursday, as senior U.S. officials arrived in Beijing for more trade talks.

China has pledged to further open its massive financial markets to foreign investors since last year amid a trade war with the United States. Foreign businesses have long complained that liberalization has been too narrow and implementation spotty. But global investors’ access to hedging instruments continues to be restricted, and clarification on tax collection policy is needed, ASIFMA, a financial industry lobby, noted in a report last week.Li said China will also issue more favourable rules for foreign acquisitions of Chinese listed firms. Beijing is drafting rules related to a new foreign investment law that was passed earlier this month. The rules are expected to be completed this year.

China must protect intellectual property, otherwise there is no hope for the nation’s transformation, Li said. China’s industrial firms posted their worst slump in profits since late 2011 in the first two months of this year amid slowing demand at home and abroad.

globebusiness Meanwhile in Canada...

globebusiness You cannot trust what the repressive Chinese government says. The Chinese government is anti-democratic and anti-free speech. They bully their own citizens.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

China has now stopped buying any Canadian canola — and that’s 40% of our marketCaught in trade dispute between China and Canada, farmers forced to sell their crops for less or hold on to them until prices improve Well Trudeau got involved and killed that cash cow. Western countries need to unify against China Retaliation against Freeland Co. Trudeau is a major FUp
Sumber: nationalpost - 🏆 10. / 80 Baca lebih lajut »

Chinese importers have stopped buying Canadian canola seed: Industry groupChinese companies have stopped buying canola seed from Canadian producers, says an industry group, leaving exporters trying to sell their supply to other markets. Stop buying Chinese everything ! They haven’t stopped exporting fentanyl though have they? What Trudeau does best. Screws up trade with other countries. Gives away our tax money to unfortunate outside of Canada. Steals/waste our money through scandals & corruption Tax us more through carbon tax cause he needs more money. Worst PM of all time.
Sumber: CP24 - 🏆 30. / 67 Baca lebih lajut »

Canadian companies start to benefit from membership in China-based infrastructure bankAt least one Canadian company, Hatch Consulting, has won a procurement contract with the Asian Infrastructure and Investment Bank we owe more to China? this seens dumb
Sumber: nationalpost - 🏆 10. / 80 Baca lebih lajut »