BEIJING, May 13 -- China's latest opening-up measures in the financial sector have attracted more global investors to China's high-quality growth.
Last week, Japan's largest securities trader Nomura became the first foreign player planning to set up a holding firm in China, after the country eased market access to securities.
The company aims to hold 51 percent of the new firm's stakes and submitted application materials to China's top securities watchdog, the China Securities Regulatory Commission (CSRC), on May 8.
Following suit, the CSRC announced on May 10 that J.P. Morgan Broking (Hong Kong) Limited had applied to set up a majority ownership securities firm in China, and the company plans to hold 51 percent of the new firm's stakes.
Meanwhile, international investment bank UBS decided earlier this month to raise its stakes from 24.99 percent to 51 percent in the joint-venture China-based UBS Securities Co., which is the first foreign-invested fully-licensed securities firm in China.
"These are important signals of China's financial opening up, showing the country's great market potential and confidence from global investors," Yang Changyong, a senior researcher from the Chinese Academy of Macroeconomic Research, told Xinhua.
China released guidelines in late April allowing foreign investors to set up securities trading firms with holding status as part of China's opening-up efforts.
【国内英语资讯:Economic Watch: Chinas financial opening up attracts global investors】相关文章:
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