To implement China’s overall policy of opening up financial service sectors and to honor China’s commitments to the China-U.S. phase-one economic and trade agreement, the China Securities Regulatory Commission (CSRC), after comprehensive considerations, will effectuate the elimination of foreign equity cap in securities companies starting from April 1, 2020. Qualified foreign investors can render applications to establish new wholly-owned securities companies or change actual controllers in their existing joint ventures according to Chinese laws, regulations and applicable rules and service guides of the CSRC.
Making solid efforts in every important opening up measure, the CSRC is fully committed to China’s overall opening up policies and further opening up of the capital markets. CSRC welcomes and will review applications from foreign investors in a law and rule-based and efficient manner.
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