Authored by Ren Gulong (rengulong@anjielaw.com) and Yang Aushu(yanganshu@anjielaw.com)at AnJie Law Firm

On 10 November 2017, Vice Minister of Finance Zhu Guangyao announced at a press briefing that China will ease and remove the limits on foreign investments in the financial service sector including securities, banking and insurance. The announcement shows a high-level policy (the “New Policy”) and detailed rules may soon be promulgated, which will certainly bring more opportunities for foreign investors in Chinese financial market.

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