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Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Opening of Foreign Investment in China to Curb its Financial Sector

December, 30 2016
watermark Economic news

China opens to more foreign investment in banking, insurance, securities and credit-rating firms as part of their expansion in finance as the second world’s largest economy. Although the period of reform is still uncertain. This lessens the concerns of foreign companies with the guidelines from National Development and Reform Commission (NDRC).

This move is directed towards liberalization of the financial sector and at the same time supports the shift of China towards services from being an industry-reliant country. At the same time, this resolves the incongruity in investment flows since high capital outflows caused the depreciation of Yuan for this year.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.