Shanghai is likely to ease limits this year on foreign investment in the banking, securities brokerage, securities fund management, futures trading and insurance sectors.
In 2017, limits on foreign investment in accounting and auditing, construction design, and rating agencies will be eased in the free trade zone, with details to be launched soon, the statement said.
Detailed policies to ease limits on foreign investment in banking, securities, fund management, futures trading and insurance were being studied, said the statement.
High-tech, finance, information services, research and development are among the sectors with the fastest growth in terms of foreign investment in the city, according to Shanghai Municipal Commission of Commerce.
Shanghai is likely to ease limits this year on foreign investment in the banking, securities brokerage, securities fund management, futures trading and insurance sectors.
