ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

China to lift ownership restrictions for foreign financial firms

New rules will open the way for possible acquisition of Chinese banks

The People's Bank of China.

BEIJING -- The Chinese government said Friday it will open its financial sector to foreign companies, a move aimed at spurring modernization of the domestic industry through the greater presence of foreign companies.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more