(Bloomberg) -- China's agreement to further open its
financial industry to foreign firms should be seen as a logical
extension of the government's market reforms, and not as a
victory for the U.S., analysts and observers said.
Chinese negotiators led by Vice Premier Wu Yi agreed to
lift a moratorium on overseas firms buying into domestic
brokerages and triple the quota for stock purchases by foreign
institutional investors to $30 billion.
Read more at Bloomberg Emerging Markets News
financial industry to foreign firms should be seen as a logical
extension of the government's market reforms, and not as a
victory for the U.S., analysts and observers said.
Chinese negotiators led by Vice Premier Wu Yi agreed to
lift a moratorium on overseas firms buying into domestic
brokerages and triple the quota for stock purchases by foreign
institutional investors to $30 billion.
Read more at Bloomberg Emerging Markets News
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