China Issues Measures To Promote Opening In Some Free Trade Zones And Ports On A Pilot Basis To Meet High International Standards; Will Allow Foreign Financial Institutions In These Pilot Free Trade Zones To Launch Same New Services As Chinese Financial I
Portfolio Pulse from Charles Gross
China has issued measures to promote opening in some free trade zones and ports on a pilot basis to meet high international standards. This will allow foreign financial institutions in these pilot free trade zones to launch the same new services as Chinese financial institutions.
June 29, 2023 | 9:18 am
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POSITIVE IMPACT
The new measures in China could potentially benefit foreign financial institutions, which may indirectly impact the iShares China Large-Cap ETF (FXI).
The new measures in China are aimed at promoting foreign financial institutions, which could lead to increased business and profitability for these institutions. As FXI tracks the performance of the largest companies in the China equity market, any positive impact on these companies could potentially lead to an increase in the ETF's value.
CONFIDENCE 80
IMPORTANCE 60
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