China will end ownership limits for foreign investors in its financial sector in 2020, a year earlier than scheduled, Premier Li Keqiang said on Tuesday. China will end ownership limits for foreign investors in its financial sector in 2020, a year earlier than scheduled, Premier Li Keqiang said on Tuesday. China to scrap ownership limits in financial sector in 2020China will also further open its manufacturing sector, including the auto industry, while reducing its negative investment list that restricts foreign investment in some areas, Li told the World Economic Forum in the northeastern Chinese port city of Dalian. But analysts doubt the ceasefire will lead to a sustained easing of tensions, and warn lingering uncertainty could dampen corporate spending and global growth. "JPMorgan welcomes any decision made by the Chinese government that looks to liberalise its financial sector further," said JPMorgan China CEO Mark Leung.

Source: Irish Independent July 02, 2019 06:56 UTC