China gears up for grand opening

By Noah Sin
11 Apr 2018

China unveiled a slew of measures to open up its financial markets this week, including providing a timeframe for removing caps on foreign ownership in the financial sector and bumping up daily trading quotas on Stock Connect. The reforms come as trade tensions between the Mainland and the US intensify, writes Noah Sin.

The world’s spotlight was on Xi Jinping on Tuesday as he took the stage at the Boao Forum for Asia. It was the president of China’s first opportunity to respond in public to the White House’s recent steps to place $150bn in tariffs on Chinese goods.

In a continued ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial