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China's watchdog promotes greater market access for foreign investors



(Reuters) – China's banking and insurance watchdog said it would seek to stabilize foreign investors' expectations by continuing efforts to implement policies aimed at expanding their market access.

This year, investors have been intimidated by a series of regular measures, often sudden, that have raised the standards for companies in the technology, real estate and private tutoring industries.

The China Banking and Insurance Regulatory Commission said it would fully implement planned measures aimed at ensuring that foreign investors are treated no less favorably than their Chinese counterparts and that would reduce the number of sectors where foreign investment has been banned or restricted.

In the 2020 list released by the National Development and Reform Commission, the number of sectors was reduced to 1

23 from 131 last year

Following a market survey this week, China has intensified efforts to calm worn-out investor nerves by telling foreign brokers not to "overinterpret" their latest regulatory measures.

The CBIRC also stated that it would promote trials and tribunals for natural disaster insurance to include more types of natural disasters. Catalog

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