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China would lift some restrictions on...>

CHINA PRESS
CHINA PRESS: China would lift some restrictions on foreign investment in the
financial sector in 2020, one year earlier than planned, according to a
statement on the PBOC website on Saturday. The statement said that restrictions
on shareholding limits on foreign ownership of securities, insurance and fund
management firms had been fast tracked. Foreign investors would also be
encouraged to set up wealth management firms, currency brokerages and pension
management companies, the statement said. Foreign-owned credit rating agencies
would also be allowed to evaluate all types of bonds in the interbank bond
market as well as the exchange bond market. 

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