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China mulls allowing investment in overseas stocks, insurance, says foreign exchange official

Summary:
[unable to retrieve full-text content]China is considering plans to allow investment in overseas securities and insurance within the annual individual quota of US,000, a foreign exchange official said on Friday, in a move that could signal a slight easing of the country’s strict capital controls.China will push forward with the opening up of its financial derivative market in 2021, Ye Haisheng, the head of capital account management department at the State Administration of Foreign Exchange (SAFE), told China Forex magazine, a…

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[unable to retrieve full-text content]
China is considering plans to allow investment in overseas securities and insurance within the annual individual quota of US$50,000, a foreign exchange official said on Friday, in a move that could signal a slight easing of the country’s strict capital controls.China will push forward with the opening up of its financial derivative market in 2021, Ye Haisheng, the head of capital account management department at the State Administration of Foreign Exchange (SAFE), told China Forex magazine, a…

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