China's State Financial Regulatory Administration To Draft Rules To Allow Multinational Groups To Directly Initiate The Establishment Of Foreign-funded Financial Companies
Portfolio Pulse from Charles Gross
China's State Financial Regulatory Administration is drafting rules to allow multinational groups to directly initiate the establishment of foreign-funded financial companies. This move could potentially open up China's financial sector to more foreign investment.
July 21, 2023 | 9:27 am
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NEUTRAL IMPACT
The new rules could potentially increase foreign investment in China, which could indirectly impact the SPDR S&P 500 ETF (SPY) as it tracks the performance of the largest companies in the U.S. equity market.
The new rules could lead to an increase in foreign investment in China's financial sector. This could potentially have an indirect impact on the performance of the largest companies in the U.S. equity market, which the SPDR S&P 500 ETF (SPY) tracks.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
The new rules could potentially increase foreign investment in China, which could benefit the iShares China Large-Cap ETF (FXI) as it tracks the performance of the largest companies in China's equity market.
The new rules could lead to an increase in foreign investment in China's financial sector. This could potentially boost the performance of the largest companies in China's equity market, which the iShares China Large-Cap ETF (FXI) tracks.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70