Relaxation Of Foreign Investment Restrictions On Bank Securities

According to the world

Xiaobian, a network, recently learned that the State Council issued the circular on measures to expand opening up to the outside world and actively utilize foreign capital 17 days ago, and has made plans for further utilization of foreign capital.

Among them, we should relax restrictions on foreign investment in services, manufacturing, mining and other fields, and relax restrictions on foreign investment in banking financial institutions, securities companies, securities investment fund management companies, Futures Company, insurance institutions and insurance intermediaries.

At the same time, the notice also supports foreign investment in the implementation of the innovation driven development strategy, the pformation and upgrading of manufacturing industry, and the support of overseas talents in China's entrepreneurship and development.

Culture, education, pportation and other fields are orderly open.

The manufacturing industry has mainly eliminated foreign investment access restrictions in the fields of rail pit equipment manufacturing, motorcycle manufacturing, fuel ethanol production, oil processing and other fields.

The mining industry relaxes unconventional oil and gas resources such as oil shale, oil sand, shale gas and foreign capital access restrictions in mineral resources.

The foreign cooperation projects in the oil and natural gas field have been changed from the examination and approval system to the filing system.

Foreign invested enterprises and domestic funded enterprises are equally applicable to the "China made 2025" strategic policy measures.

Encourage foreign investment in high-end manufacturing, intelligent manufacturing, green manufacturing, and industrial design and creative, engineering consulting, modern logistics, inspection, testing, certification and other producer services, upgrading and upgrading traditional industries.

To support foreign investment in infrastructure construction in accordance with the rules and regulations, including energy, pportation, water conservancy, environmental protection, municipal public utilities and so on.

The relevant supporting policies are equally applicable to the construction and operation of foreign funded franchise projects.

At present, foreign capital has limited shareholding ratio in the domestic investment and financial industry access. Taking banking financial institutions and securities companies as an example, the CBRC's "offshore"

The regulations on the management of institutional investment in China funded financial institutions stipulate that the proportion of individual foreign financial institutions investing in Chinese funded financial institutions must not exceed 20%; the rules for the establishment of foreign equity securities companies of the SFC are clear, and the proportion of foreign shareholders holding shares or the proportion of equity held in foreign equity securities companies, including direct holding and indirect control, shall not exceed 49%.

"How to relax the need for further supporting documents?"

Huo Jianguo, President of the international trade and Economic Cooperation Research Institute of the Ministry of Commerce, said that the financial services industry is a relatively weak link in China. Expanding foreign investment is conducive to enhancing the international competitiveness of the field, and promoting the integration of domestic and foreign financial industry in terms of capital, technology, products and management, improving the efficiency of financial resource allocation, and improving the service and management level of the financial industry.

Correspondingly, the regulatory authorities should also do well in risk control and supervision before and after major events.

Huo Jianguo pointed out that a large number of foreign capital entering the country will have an objective impact on the operating efficiency of similar industries. Domestic financial institutions should also actively develop cross border and cross market financial products, explore diversified listing methods and trading mechanisms, and strive to "go out" as soon as possible.

The State Council of the People's Republic of China, the Central People's government, is the executive organ of the highest state power organ and the highest state administrative organ.

The State Council is composed of the premier, deputy prime ministers, State Councilors, ministers, directors, auditors and secretaries.

The State Council implements the premier responsibility system.

Ministries and committees carry out ministerial and director responsibility systems.

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