China seeks to relax entry rules for foreign investors

China's securities regulator has sought to ease entry rules for foreign investors, the latest step in its bid to open up the financial market.

It has proposed lowering the amount of assets under management and cutting the minimum number of years of experience needed for firms entering its markets.

The government is trying to attract foreign investment in a bid to stimulate new economic expansion.

China, the world's second-largest economy, has seen a slowdown in growth.

China's Securities Regulatory Commission said in statement that the move will help to attract long-term offshore funds, "strengthen confidence in the domestic market" and promote the "steady development and opening up of our country's capital markets".

Source & Image : BBC