China Increases Ownership Limit for Foreign Finance Investments

U.S. President Donald Trump and China’s President Xi Jinping attend at a state dinner at the Great Hall of the People in Beijing, China, Thursday, Nov. 9, 2017. (Thomas Peter/Pool Photo via AP)

November 10, 2017
OAN Newsroom

The Chinese government is allowing more foreign investment in its financial markets.

The move would raise the ownership limit to 51 percent, allowing more overseas investors in Chinese financial services.

This comes after President Trump visited China on his diplomatic mission to Asia, and called for better access to Chinese markets.

China’s Vice Finance Minister Zhu Guangyao applauded the U.S. for wanting to take part in the Belt and Road Initiative, which is China’s plan to increase it’s global economic involvement.

“U.S. companies have shown their enthusiasm to invest in the Belt and Road Initiative… Of course, China welcomes them, because the principle is to jointly discuss, to build and to share, and its goal is to realize interconnectivity and develop economic cooperation globally,” said Guangyao.

The long anticipated announcement comes after China faced mounting pressure from many western governments and businesses to remove trade barriers.

  • the deplorable john doe

    Why the increase?? Because they new real money to prop up another bubble.

  • Ed L

    Interesting. As I understand it if the People’s Empire of China even thinks you broke the Law The seize all your assets and if you are there at the time. They arrest you. I hear Chinese jails suck

  • Ronald Allen Hudson

    it’s all about the money. If a buck can be made by both sides we’ve got a deal. Money makes the world go round and round.

  • landy fincannon

    How many millionaires have been created in China outside of thr military and the ruling elites?

  • CASSY IS SASSY

    Well….It’s a start!

    • Margaret Keller

      I agree

  • Melvin Bonzarelli

    Antything the Communists ‘grant’ you, they can take away in a New York minute. There is not absolute rule of law in any Communist country. Invest there at your own risk.

    • Lili Kepuska

      Very true, remember Venezuela

    • Michael Le Longe

      What you say is just as true under America’s form of national socialism. The rule of law also means nothing within these United States, a case in point being the complete disregard of the 4th Amendment when law enforcement agencies use civil forfeiture laws to steal the property of people who are never even charged with a crime.