News Formal

China scraps foreign invesment cap in stocks, bonds

  • 📰 ABSCBNNews
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 83%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

BEIJING - China on Tuesday removed limits on foreign institutions wanting to invest in its stocks and bond markets, as it seeks to attract overseas investment amid a slowing economy and a trade spat w

ith the United States.

A cap on a yuan-denominated sister scheme -- the Renminbi Qualified Foreign Institutional Investor program, which allowed overseas institutions to invest in Chinese securities using the offshore yuan -- was also removed on Tuesday. The moves aim to "facilitate foreign investors to invest in the domestic securities market and enhance the depth and breadth of China's financial market opening," said Wang Chunying, a spokeswoman for SAFE.

China has recently eased restrictions on foreign investment in the financial sector, as the world's second-largest economy fights slowing growth at home and a damaging trade war with the United States.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 5. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

PH, Singapore seek closer business ties as US-China trade war rages
Källa: ABSCBNNews - 🏆 5. / 83 Läs mer »