CHINA: China Foreign Ownership Limit May Rise

Tuesday August 28 2012

It has been reported that the ceiling on ownership of domestic brokerages may be raised for foreign companies.

According to reports, the China Securities Regulatory Commission has said it plans to allow the China foreign ownership firms to raise their stake in domestic securities joint ventures to 49 per cent, up from the 33 per cent cap now. The CSRC will solicit public opinion on draft rules which also include a proposal to shorten the period from five years to two years for JV brokerages to expand their business in the country.

This information will be updated as more details become available