22:00, 30-Apr-2018
China Financial Markets: Restrictions eased on foreign ownership of joint ventures
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For more insights, joining me now is our guest Hu Yuwei, a Research Fellow and Head of the Macro Research Department at the China Institute of Finance and Capital Markets.
China is opening the equities brokerage business to foreign companies, adding to its promise to further open up its financial sector. What's your take on the timing of the move?
Will the opening bring tangible benefits to foreign financial investors? What about influence on domestic players?
More financial sector opening up policy details are expected to be announced by the end of 2018. How well do you think domestic players are prepared for competition from abroad?