More on China lifting fin sector foreign ownership limits (not so fast ...)

Further detail crossing now

• China will lift ceiling on foreign equity ownership in each securities, fund, futures joint ventures to 51 pct
• China will also relax controls on foreign ownership in Chinese banks and insurance companies
• Vice fin min: Time is right for China to unveil major opening steps of its financial sector
• China will lift foreign ownership limits on securities, fund, futures jvs after 3 years - Vice fin min
• China will remove ceiling on foreign ownership in China insurance JVs after 5 years - Vice fin min
• China will remove ceiling on foreign ownership in china insurance JVs after 5 years - Vice fin min

Via Reuters