China Lures Foreign Firms With Improved Market Access Requirements

Source: Reuters

China is luring more foreign firms to enter its financial markets, amid its ongoing spat with the United States. GXC is up 0.37%, CQQQ is up 1.21%.

• Chinese state media said the country will ease requirements for foreign banks and insurance companies entering the second-biggest economy.
• Regulations on cross-border transactions between parent firms and their subsidiaries will also be improved.
• The country will also enhance its financial risk monitoring framework, with its currency kept stable.
• Imports and exports growth will be kept steady.