Latest News:  
Beijing   Overcast/Cloudy    13 / 21 ℃  City Forecast

English>>China Business

China allows higher foreign stakes in securities firms


08:29, October 17, 2012

BEIJING, Oct. 16 (Xinhua) -- China's securities watchdog on Tuesday allowed overseas investors to hold higher stakes in the country's securities firms, its latest effort to relax controls on foreign investment in the financial industry.

Overseas investors can now hold stakes as high as 49 percent in joint-venture securities firms, compared with an investment cap of a third of those companies' equities previously imposed, according to a statement issued by the China Securities Regulatory Commission (CSRC).

At least one domestic investor should own a stake of no lower than 49 percent in such joint venture securities firms, but the restriction does not apply to listed securities firms, the CSRC said.

The policy change took effect on Tuesday and came after other steps taken by China to further open its financial markets and ease restrictions on foreign investors.

In July, the country lowered its threshold for qualified foreign institutional investors and allowed them to hold up to a 30-percent stake in a listed company, up from the previous 20-percent stake cap.

News we recommend:
Let the train, take the strain Personal care market to keep growing An Apple a day isn't keeping critics away
Global companies expand rapidly in China Shanghai's 'other' market China's tourism industry reaps golden harvest
Commentary:Asking the right questions  More Investment, More Woes? All that glitters is gold


Leave your comment0 comments

  1. Name


Selections for you

  1. Nanjing MAC organizes actual-troop exercise

  2. Switzerland's Breitling Jet Team

  3. Endeavour moves to final home

  4. Exhibition marking 60th anniversary of NUAA

  5. Snow already for northern China

  6. The consuming challenge of food safety

  7. Paintings? No,they're dishes!

  8. American singer Ke$ha graces magazine cover

Most Popular


  1. Commentary: Japan's propaganda war on Diaoyu
  2. To Put political label on Chinese investors unfair
  3. Tokyo's war crime recognition crucial
  4. China bashing: Shame on American politics
  5. Protectionism cuts both ways for US businesses
  6. Commentary: US politicians' hypocrisy
  7. Created-in-China products need promoting
  8. Greater co-op called among China, S Korea, Japan
  9. Editorial: A Boon to the Economy
  10. Upsurge of giving birth in US should cool down

What’s happening in China

Snow already for northern China

  1. Permanent residency could get easier
  2. 'Hukou' scam alleged over ID lawsuit
  3. Food safety workers must pass rules quiz
  4. Expressway maintenance halted after road deaths
  5. Pollutants cited in early puberty among children