CNBC: Ray Chou on China Opening up its Financial Industry to Foreign Ownership
October 13, 2019
Amid a possible trade war, China is continuing to remove limits on foreign ownership in the financial industry. Oliver Wyman partner Ray Chou discussed the China Securities Regulatory Commission’s new timeline on removing limits to foreign stakes in futures, mutual fund and securities companies. The plan, set to roll out in January, would give foreign companies full ownership.
“This is the ultimate realization of China’s commitment of market opening to foreign players,” Ray Chou, partner at consulting firm Oliver Wyman, said of Friday’s announcement in an email.
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