China may prevent foreign investors from taking control of domestic brokerages, a setback to Wall Street’s ambitions to tap the world’s fastest-growing stock market, people familiar with the planned rules said.
Article at Bloomberg.com
On Mar. 9, China’s Finance Minister Jin Renqing unveiled a government plan to overhaul the way the country manages its massive $1.07 trillion stockpile of foreign exchange (forex) reserves, the biggest in the world. China’s forex holdings are gargantuan for any country, let alone a developing one. They are also growing at clip of about […]
Foreign direct investment (FDI) in China fell 1.52 percent year-on-year in the first nine months of 2006. Total investments slipped to US$42.59 billion, Ministry of Commerce spokesman Chong Quan told a press briefing yesterday.
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