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China to relax curbs on foreign investment in banking, securities - state planner
December 30, 2016 / 2:58 AM / a year ago

China to relax curbs on foreign investment in banking, securities - state planner

BEIJING (Reuters) - China will focus on freeing up foreign investment in banking, insurance, securities and futures as part of a wider opening up of the services sector, the country’s state planner said in a document on Friday.

FILE PHOTO: Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing, China, March 30, 2016. REUTERS/Kim Kyung-Hoon/File Photo

The National Development and Reform Commission (NDRC) also said China will “orderly” open up sensitive areas such as telecoms, education, internet to foreign investment.

China will relax foreign investment restrictions on credit-rating services, the NDRC said.

Reporting by Beijing Monitoring Desk; Editing by Kim Coghill

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