Editorial: Why Opening Up China’s Financial Markets Won’t Guarantee Growth

China recently took a much-awaited step to widen foreign investors’ access to its financial industry.

On the day U.S. President Donald Trump wrapped up his state visit, the Chinese government announced a sweeping proposal that allows foreign investors to hold substantially higher stakes in securities and futures brokerages, fund management companies, banks and insurers. Ultimately, domestic and foreign investors will be treated equally.

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