China once again shortened its negative list of sectors off-limits for foreign investors. The number of such sectors will be cut to 33 in the 2020 version of the Negative List from 40 in the 2019 version, according to a statement jointly released on June 24th by the National Development and Reform Commission and the Ministry of Commerce. No foreign shareholding limits will apply to financial sector as the restrictions on foreign shares of securities companies, securities investment fund management companies, futures companies, and life insurance companies were lifted in the 2020 version Negative List.

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