The Securities Regulatory Commission clearly cancels the time limit for the ratio of foreign capital stocks such as securities companies.

category:Finance
 The Securities Regulatory Commission clearly cancels the time limit for the ratio of foreign capital stocks such as securities companies.


At that time, there were six measures to open up the financial sector, including relaxing the upper limit of foreign ownership of securities companies, fund management companies, futures companies and life insurance companies to 51%, and no more in three years.

At the previous Summer Davos Forum in 2019, China also announced that it would liberalize the share ratio of the financial sector one year ahead of schedule and speed up the overall opening up of the financial sector. That is to say, it will cancel the restriction of foreign capital stock ratio of securities, futures and life insurance one year ahead of next year, that is, 2020.

Source: 21st Century Economic Reporter: Gufeng Responsible Editor: Wang Honggui-NF7326