China regulator looks to relax foreign investment rules

China is looking at relaxing rules for foreign investment in its financial markets in a bid to stimulate its domestic economy.

China's Securities Regulatory Commission (CSRC) said it would look as lowering the minimum amount of assets under management a firm is required to have before investing in the domestic market from $5bn to $500m, as well as cut the number of years of experience needed from five to two years. Foreign investors will also be able to hold a 30% stake in a Chinese-listed company, an increase on the current 20% limit. A statement from the CSRC said it wanted to attract long-term offshore funds, said the BBC, and "strengthen confidence in the domestic market". It also looked at allowing ov...