Foreigners Access China Via Joint Trusts

From Caijing Magazine:

In a move likely to foreshadow increased overseas access to China’s growing financial sector, Beijing regulators have approved three joint trusts that combine foreign investors with Chinese institutions.

Meanwhile, Caijing has learned that the foreign access limits set last year by the Chinese Banking Regulatory Commission (CBRC) – a 20 percent cap for a single foreign investor, 25 percent for multiple investors — may be raised to 49 percent for joint trusts. Such a move would be in line with a current state policy that favors the gradual opening of the financial sector.

Foreign investors in the new trusts are the British bank Barclays, which teamed up with Xinhua Trust; National Australia Bank, which bought a stake in Lianhua Trust; and Britain’s Ashmore Investment Management, which signed a deal with Beijing Trust. Each overseas firm acquired up to 20 percent.

CDT EBOOKS

Subscribe to CDT

SUPPORT CDT

Browsers Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.