Foreign banks jostle for a better position in China

Removal of restrictions sees leading foreign securities and asset managers re-evaluate China's financial market in search of profit. Tactics will determine if years of misfortune and lacklustre results will be reversed.

Foreign banks jostle for a better position in China

April 29, 2018 is an important day in the history of Chinese capital markets. Following the publication of new rules, foreign institutions can now take up controlling stakes in Chinese securities firms and in asset management and wealth management businesses too.

In response, some international players are already out of the blocks.

Three have announced their intention to set up majority-owned security joint ventures JV in mainland China, while one, UBS,...

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