China issues draft to ease rules on foreign investment in asset management firms

China issues draft to ease rules on foreign investment in asset management firms

FILE PHOTO: A man walks in the Central Business District on a rainy day, in Beijing, China, July 12, 2023. REUTERS/Thomas Peter/File Photo

China’s National Financial Regulatory Administration (NFRA) on Friday issued a draft on easing rules on foreign investment in asset management businesses as part of efforts to attract overseas investors.