China eases restrictions on foreign ownership of securities ventures

BEIJING (Reuters) - China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some restrictions and launched an application process for more foreign ownership.

The consultation period for the new rules that began in March is now over and the final regulations have been officially released for immediate implementation, the regulator said in an announcement on its website late on Saturday.

During the review, restrictions limiting single foreign investors to a 30 percent stake in securities ventures, either directly or via a partner, were removed, according to the state-backed China Securities newspaper.

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