China’s 11 measures to further open up its financial sector
A few days ago, the Chinese government announced a series of measures to further open up China’s financial markets and financial services sector to foreign investment and participation. Overall, the announced measures continue the trend of the gradual opening up of China’s economy. They present significant business opportunities for foreign investors that wish to access China’s massive (and rapidly growing) financial markets, and for financial institutions that wish to enter or expand their presence in China’s financial services sector, which serves a growing list of multinational companies and a burgeoning, educated and tech-savvy middle class. The announced measures will not only present new business opportunities for foreign entities, they will also allow Chinese financial institutions to partner with, and attract capital from, foreign investors in new and exciting ways. This article provides an overview of the announced measures and their key implications for foreign financial institutions and investors.