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China to allow foreign institutions to offer new types of financial services in free trade zonesThe country will also facilitate the transfer of inbound and outbound funds related to foreign investments in these areas in regions such as Beijing and Shanghai, according to guidelines jointly published by five government agencies.
Reuters
Last Updated IST
<div class="paragraphs"><p>Representative image showing national flag of China.<br></p></div>

Representative image showing national flag of China.

Credit: Pixabay Photo

Beijing: China will grant foreign financial institutions the same treatment as domestic ones in offering new types of financial services not yet available in the country in some free trade zones, the central bank said on Wednesday.

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The country will also facilitate the transfer of inbound and outbound funds related to foreign investments in these areas in regions such as Beijing and Shanghai, according to guidelines jointly published by five government agencies.

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(Published 22 January 2025, 16:26 IST)