China to relax curbs on foreign investment in banking, securities: State planner

The move will be part of a wider opening up of the services sector.

Published: 30th December 2016 11:49 AM  |   Last Updated: 30th December 2016 11:49 AM   |  A+A-

Chinese 100 yuan notes (File Photo | Reuters)

Chinese 100 yuan notes (File Photo | Reuters)

By Reuters

BEIJING: China will focus on freeing up foreign investment in banking, insurance, securities and futures as part of a wider opening up of the services sector, the country's state planner said in a document on Friday.

The National Development and Reform Commission (NDRC) also said China will "orderly" open up sensitive areas such as telecoms, education, internet to foreign investment.

China will relax foreign investment restrictions on credit-rating services, the NDRC said.


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