China plans to further open the country to foreign investment, including the easing of barriers to investment in banks and other financial institutions.
According to the State Council of China, companies with foreign capital will be admitted to listing on the Shanghai and Shenzhen Stock Exchanges, as well as the third, OTC platform NEEQ. The same applies to corporate bonds, – says the “Prime”.
The statement was published at the time, as the chairman of the country Xi Jinping speaks at the World Economic Forum in Davos to defend globalization and against protectionism, said that “China’s door will be wide open.”
However it might require to pass stock broker license test for whose who are unlicensed stockbrokers, because this activity is indicated as high risk and professional one. That’s why stock brokers have to prove their professional skills in order to perform well on Chinese leading stock markets.
International business in China was recently criticized for a slow market reforms and policy regulation, contrary to the objectives of reform. Also, many countries have denied China the status of market economy, which claims the second largest economy in the world.