During China’s most important annual political meetings, the Two Sessions this year, Chinese Premier Li Keqiang delivered a government work report, which summarized China’s achievements in the past five years, set economic and social development targets and policy directions, and highlighted focuses of the government work in 2018. One of the proposals is to haveall-around opening up.

How is China going to do it?

One of the concrete steps is that China will completely open up the general manufacturing sector, and will ease or lift restrictions on the shares of foreign-owned equity in companies in sectors including banking, securities, fund management, futures and financial asset management.

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