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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Designated Singapore banks to offer custody, trading services for China bond market investorsTHE Monetary Authority of Singapore (MAS) and the People's Bank of China (PBC) will set up a cooperation mechanism to enable designated Singapore and Chinese banks to offer custody and trading services for regional and global investors in China’s bond market, Singapore's central bank said on Tuesday. Read more at The Business Times.
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