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China removes 27 restrictions for foreign investment in free-trade zones

Banking rules eased, which in the past forbade foreign banks from underwriting Chinese govt bonds

Reuters  |  Beijing 

China has removed 27 restrictions in its newly issued negative list for foreign investment in its free-trade zones, its cabinet said on Friday in a notice. Chinese leaders have pledged to open the world's second-largest economy wider to foreign investors but a negative list specifying the areas off limits to foreign capital is in place for its eleven free trade zones, which enjoy looser trade and financial regulations on a trial basis. Among the beneficiaries of the new negative list across more than 20 industries are foreign makers of rail transport equipment and civilian ...

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First Published: Fri, June 16 2017. 15:35 IST