Tuesday, January 08, 2008
Foreigners Can Invest in Chinese Securities Firms
China announced new rules Monday that allow single foreign investors to buy up to 20 percent of Chinese securities firms. Total foreign ownership is limited to 25 percent. Securities companies must have at least one Chinese owner who holds 33 percent or more.
Chinese regulators banned foreign investments in domestic securities firms in 2005, when the government began overhauling the brokerage sector.
