China Charts Course for Opening to More Foreign Investment
- New rules encourage overseas firms to issue equities, debt
- No timetable given for when detailed rules must be completed
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China has released plans to relax restrictions on foreign investment and make it easier for overseas companies to list on domestic markets, as Premier Li Keqiang pushes ahead with efforts to open up the world’s second-largest economy.
The government will ease overseas investment curbs on banking, securities, futures, mutual funds and insurance, according to measures approved by Li and published late Tuesday. The steps would allow foreign-invested, locally incorporated firms to issue stock and debt in China.