China doubles foreign investment ceiling in further opening of financial system

China doubles foreign investment ceiling in further opening of financial system

Pedestrians walk along an elevated walkway as an electronic ticker displays stock figures in Pudong's Lujiazui Financial District in Shanghai, China, on Friday, Dec. 28, 2018. China announced plans to rein in the expansion of lending by the nation's regional banks to areas beyond their home bases, the latest step policy makers have taken to defend against financial risk in the world's second-biggest economy. Photographer: Qilai Shen/Bloomberg

China doubled the limit of one of the main foreign investment channels into the world’s second biggest economy, continuing to open up its financial system even as the country’s trade war with the U.S. jolts financial markets.

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