China foreign ownership News

Judge Won’t Block Florida Law Banning Chinese Ownership of Property

(Reuters) – A U.S. judge in Florida on Thursday declined to block the state’s law barring citizens of China and other “countries of concern” from owning homes or land in the state. U.S. District Judge Allen Winsor in Tallahassee, Florida, …

China Opens Financial Sector to Increased Foreign Investment

China opened up its financial sector to more foreign investment as the government said it will take targeted measures to cope with rising risks and challenges facing the industry. Foreign investors can take a stake or control entities including wealth …

Update: Italy’s Generali Calls on China to Further Open Financial Services Sector

Two of Italy’s largest financial institutions, insurer Assicurazioni Generali and state fund CDP on Wednesday urged China to do more to open up its financial services industry to Italian firms and other foreign groups. Generali’s international business chief, Jaime Anchustegui, …

China to End Limits on Foreign Ownership in Financial Sector One Year Early

China will end ownership limits for foreign investors in its financial sector in 2020, a year earlier than scheduled, to show the world it will keep opening up its markets, Premier Li Keqiang said on Tuesday. China will also further …