Shuli Ren, Columnist

Bad-Debt Experts, China's Calling

Managing soured assets is a growth area and firms could do with some international expertise.

November 10, 2017 at 6:56 AM UTC

Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.

1510296507_GettyImages-857293082 — Photographer: erhui1979/Getty Images

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So China would like a bit of foreign expertise after all.

In a surprise move, and timed with U.S. President Donald Trump's state visit, China said it would scrap foreign ownership limits for banks and asset management firms.