China will scrap foreign ownership limits in finance firms between January and April

A Chinese flag floats in the middle of traditional lanterns in the alleyways in Beijing, China.

Vincent Isore | IP3 | Getty Images

China's securities regulator on Friday announced the timetable for scrapping foreign ownership limits in futures, securities and mutual fund companies.

Limits on foreign ownership of futures companies will be scrapped January. 1, 2020, the China Securities Regulatory Commission told a press conference in Beijing.

Limits on foreign ownership of securities firms will be removed on Dec. 1, 2020, while such limits will be scrapped for
mutual fund companies on April 1, 2020.

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