China issues draft to ease rules on foreign investment in asset management firms

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From Reuters: reporting by Beijing Newsroom; editing by Jason Neely

“China’s National Financial Regulatory Administration (NFRA) on Friday issued a draft on easing rules on foreign investment in asset management businesses as part of efforts to attract overseas investors.

Among rules the NFRA is soliciting public opinion on until Aug. 21 is the proposed removal of restrictions barring overseas non-financial institutions from investing in financial asset management firms…”

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