China to lift business curbs for foreign banks, brokerages: Cabinet

BEIJING: China will remove business restrictions on foreign banks, brokerages and fund management firms, a cabinet meeting chaired by premier Li Keqiang on Wednesday said, according to state television.

Stabilising foreign investment is part of Beijing's policies to support the slowing economy that has been pinched by the country's trade war with the United States.

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Source: BusinessTimes - 🏆 15. / 51 Read more »