China issues guidelines for securities ventures by foreign firms

China issues guidelines for securities ventures by foreign firms

Xi Jinping, China's president, pauses while giving a speech at the Boao Forum for Asia Annual Conference in Boao, China, on Tuesday, April 10, 2018. Photographer: Qilai Shen/Bloomberg

China’s securities regulator issued guidelines on the country’s previously announced move to allow foreign firms to own a majority stake in local securities joint ventures.

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