This article is by: Business Insider
Read more about it here: China just made it easier than ever for foreigners to invest — and it's the latest sign the nation is trying to open up its financial system
An excerpt from Business Insider:
China removed a major hurdle for foreign investors on Tuesday in the nation's latest attempt to open its financial system to the rest of the world.
The State Administration of Foreign Exchange said global funds will no longer require quotas to invest in Chinese equities and bonds. The regulator also removed a $300 billion cap on foreign investment into its financial markets. Only about $111 billion of the cap had been used as of August 30, according to Bloomberg.
The move is seen as an effort by the Chinese to attract more foreign buyers into its stock and bond markets.
Your On-the-Ground People in China.
DISCLAIMER: Information in these blogposts are reposts of existing sources and is assumed to be accurate at the time of release.
Handpicked Group is not responsible for any losses or misinformation as these are not considered specialized advice. Information placed is to provide general information and updates.
Note that links to the original sources in older blog post may have expired.