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MNI BRIEF: China To Attract L-Term Foreign Investments: MOFCOM

(MNI) LONDON

China will boost medium-to-long-term foreign investments by relaxing requirements for qualified "strategic" ownerships in listed domestic companies, including making more flexible qualification, ownership ratios, and share lock-up periods, the Ministry of Commerce said on Monday.

Local authorities will be encouraged to help foreign companies set up regional operations for fund management, procurement and sales, the ministry said.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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