During the weekend, #China put forward specific measures to further free up its financial sector. Under these measures: ✔️foreign credit rating agencies will be able to rate all bonds traded on local #securities markets;
✔️International financial institutions will be encouraged to participate more in #China’s asset management, pension management and currency brokerage sectors. Foreign #investors would be able to hold more than 25% in insurance asset management firms;
✔️The restriction of 30 years’ operating experience would be removed for foreign #insurance companies;
✔️Foreign ownership limits of securities, #fund, life insurance and #futures firms will be canceled from 2020 instead of 2021;
✔️Foreign agencies will be allowed to serve as Type A lead underwriters for bond offerings in interbank market;
✔️#China will take further steps to make it easier for foreign institutional investors to invest in inter-#bank bond market; and more mp.weixin.qq.com/s/oBB_vh0hEvUd…
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