China will facilitate foreign investments 💸

📍 State media said that Chinese Vice Premier He Lifeng promised to facilitate foreign institutions’ investment in the nation at a meeting with global financial leaders on Wednesday. The gathering takes place at a time when international investors have mainly adopted a wait-and-see attitude toward China due to tensions with the United States and concern over the nation’s economic future.

📍 According to Chinese news agency Xinhua, He declared during the conference that «China will continue to deepen the reform and two-way opening-up of its capital market, facilitate cross-border investment and financing, and attract more foreign financial institutions and long-term capital to China.

📍 Over time, China has permitted international financial institutions to assume primary control over their local operations. In order to make it clearer for local businesses to list overseas, the securities authority also put new guidelines into effect last year.

Source: CNBC