Separately, a number of foreign firms are set to hold a majority stake in a Chinese retail mutual fund business.

Separately, a number of foreign firms are set to hold a majority stake in a Chinese retail mutual fund business.
Restrictions on foreign ownership of domestic fund management companies have officially been lifted, according to a statement from China Securities Regulatory Commission.
The abolition of ownership restrictions for foreign investors in the financial sector will happen in 2020, a year earlier than scheduled, says China premier Li Keqiang.
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