China to allow 51% ownership of securities joint ventures

Nov 2017

China to allow 51% ownership of securities joint ventures

As part of China’s efforts to liberalise its financial services industry, it will remove its foreign ownership limits on its banks, asset management companies, and insurance companies, allowing overseas firms to take a controlling stake in local securities ventures.

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Oliver Kang

China Insurance Tax Leader, PwC Hong Kong

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Florence Yip

Asia Pacific Tax Leader Financial Services, Asset & Wealth Management, PwC Hong Kong

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Ingrid Qin

Partner, PwC Hong Kong

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Kenny Lam

Partner, PwC Hong Kong

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