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chinese financial services opening up to foreigners

The President of the People’s Republic of China and the People's Bank of China announced their intentions to open up China’s financial markets to promote foreign competition. For now, foreign ownership is limited for banks and asset management companies. Within a few months **the foreign ownership cap will be removed**. These changes will open the market to foreign investors and banks, givin...

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China Bans Popular FX Broker Services

...os, XM and other. The main aim of the government authorities is to keep the “Great Firewall” safe and minimize foreign influence on the country. “Internet service exchange finance” platforms are considered as risky for the stable system of **chinese financial services**. What does this **ban** bring to the professional **brokerage services**? In China, there is a special profession as i...

Path: Blog