China steps up approvals for foreign financial companies including a majority of U.S. companies

This could be big news and a game changer! A communist country is opening up to foreign financial companies!

"China has issued a flurry of approvals for foreign financial companies looking to expand into the country as Beijing seeks to boost investor confidence after abruptly ending years of pandemic restrictions.

 

Most of the approvals have been in the asset management sector, a $4 trillion market in China. ..."

China steps up approvals for foreign financial companies - Nikkei Asia U.S. players account for majority of authorizations since last autumn