China steps up approvals for foreign financial companies

U.S. players account for majority of authorizations since last autumn

20230125 China speeds up approvals for foreign companies

Shanghai's Pudong financial district: China is keen to revive its economy after three years of zero-COVID. (Nikkei montage/Reuters/AP)

ECHO WONG, Nikkei staff writer

HONG KONG -- China has issued a flurry of approvals for foreign financial companies looking to expand into the country as Beijing seeks to boost investor confidence after abruptly ending years of pandemic restrictions.

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