ANNOUNCEMENT 24 Aug 2018

August 24th, 2018 - A Chinese ministry announced a change to its policy surrounding foreign investment in domestic futures trading.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

China Securities Regulatory Commission, August 24th, 2018. (【第149号令】《外商投资期货公司管理办法》)
http://www.csrc.gov.cn/pub/zjhpublic/zjh/201808/t20180824_343039.htm

Ibid., (English version), August 25th, 2018.
http://www.csrc.gov.cn/pub/csrc_en/newsfacts/release/201809/t20180906_343764.html

Inception date: 24 Aug 2018 | Removal date: open ended

FDI: Entry and ownership rule

On August 24th, 2018, the China Securities Regulatory Commission (CSRC) released CSRC Directive 149: Administrative Measures for Foreign-invested Futures Companies (hereafter, 'Announcement'), which sought to promote the investment by foreign financial institutions in domestic Chinese futures firms.

Eligible foreign investors can submit official applications to the CSRC in pursuit of acquiring a maximum of 51% equity in a Chinese futures firm.

The Announcement also stated that this limit would be removed within three years.

The implementation of the policy would come at a later date, according to the announcement. However, the ability to apply for the increased ownership marks a concrete liberalisation in policy, hence the green evaulation of this GTA intervention.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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