国内英语资讯:China unveils new financial opening-up measures
<p><span word="BEIJING">BEIJING</span>, <span word="July">July</span> 20-- <span word="China">China</span> <span word="has">has</span> <span word="announced">announced</span> <span word="a">a</span> <span word="slew">slew</span> <span word="of">of</span> <span word="new">new</span> <span word="measures">measures</span> <span word="to">to</span> <span word="further">further</span> <span word="open">open</span> <span word="up">up</span> <span word="its">its</span> <span word="financial">financial</span> <span word="markets">markets</span>, <span word="according">according</span> <span word="to">to</span> <span word="the">the</span> <span word="office">office</span> <span word="of">of</span> <span word="financial">financial</span> <span word="stability">stability</span> <span word="and">and</span> <span word="development">development</span> <span word="committee">committee</span> <span word="under">under</span> <span word="the">the</span> <span word="State">State</span> <span word="Council">Council</span>, <span word="the">the</span> <span word="cabinet">cabinet</span>.</p><p><span word="China">China</span> <span word="will">will</span> <span word="allow">allow</span> <span word="foreign">foreign</span>-<span word="funded">funded</span> <span word="institutions">institutions</span> <span word="to">to</span> <span word="conduct">conduct</span> <span word="credit">credit</span> <span word="rating">rating</span> <span word="business">business</span> <span word="with">with</span> <span word="all">all</span> <span word="kinds">kinds</span> <span word="of">of</span> <span word="bonds">bonds</span> <span word="in">in</span> <span word="China">China</span>'<span word="s">s</span> <span word="inter">inter</span>-<span word="bank">bank</span> <span word="and">and</span> <span word="exchange">exchange</span> <span word="bond">bond</span> <span word="market">market</span>, <span word="according">according</span> <span word="to">to</span> <span word="a">a</span> <span word="statement">statement</span> <span word="of">of</span> <span word="the">the</span> <span word="office">office</span> <span word="posted">posted</span> <span word="on">on</span> <span word="the">the</span> <span word="website">website</span> <span word="of">of</span> <span word="the">the</span> <span word="central">central</span> <span word="bank">bank</span> <span word="on">on</span> <span word="Saturday">Saturday</span>.</p><p><span word="Overseas">Overseas</span> <span word="financial">financial</span> <span word="institutions">institutions</span> <span word="will">will</span> <span word="be">be</span> <span word="encouraged">encouraged</span> <span word="to">to</span> <span word="participate">participate</span> <span word="in">in</span> <span word="setting">setting</span> <span word="up">up</span> <span word="and">and</span> <span word="investing">investing</span> <span word="in">in</span> <span word="the">the</span> <span word="asset">asset</span> <span word="management">management</span> <span word="subsidiaries">subsidiaries</span> <span word="of">of</span> <span word="commercial">commercial</span> <span word="banks">banks</span>.</p><p><span word="Meanwhile">Meanwhile</span>, <span word="overseas">overseas</span> <span word="asset">asset</span> <span word="management">management</span> <span word="agencies">agencies</span> <span word="will">will</span> <span word="be">be</span> <span word="permitted">permitted</span> <span word="to">to</span> <span word="co">co</span>-<span word="establish">establish</span> <span word="foreign">foreign</span>-<span word="controlled">controlled</span> <span word="asset">asset</span> <span word="management">management</span> <span word="companies">companies</span> <span word="together">together</span> <span word="with">with</span> <span word="subsidiaries">subsidiaries</span> <span word="of">of</span> <span word="Chinese">Chinese</span> <span word="banks">banks</span> <span word="or">or</span> <span word="insurers">insurers</span>, <span word="the">the</span> <span word="statement">statement</span> <span word="said">said</span>.</p><p><span word="The">The</span> <span word="new">new</span> <span word="rule">rule</span> <span word="allows">allows</span> <span word="overseas">overseas</span> <span word="financial">financial</span> <span word="institutions">institutions</span> <span word="to">to</span> <span word="invest">invest</span> <span word="in">in</span> <span word="setting">setting</span> <span word="up">up</span> <span word="or">or</span> <span word="holding">holding</span> <span word="stakes">stakes</span> <span word="in">in</span> <span word="old">old</span>-<span word="age">age</span> <span word="pension">pension</span> <span word="management">management</span> <span word="companies">companies</span>. <span word="It">It</span> <span word="also">also</span> <span word="supports">supports</span> <span word="foreign">foreign</span> <span word="capital">capital</span> <span word="to">to</span> <span word="establish">establish</span> <span word="or">or</span> <span word="hold">hold</span> <span word="stakes">stakes</span> <span word="in">in</span> <span word="currency">currency</span> <span word="brokerages">brokerages</span>.</p><p><span word="At">At</span> <span word="the">the</span> <span word="same">same</span> <span word="time">time</span>, <span word="the">the</span> <span word="upper">upper</span> <span word="shareholding">shareholding</span> <span word="limits">limits</span> <span word="for">for</span> <span word="foreign">foreign</span> <span word="investors">investors</span> <span word="in">in</span> <span word="domestic">domestic</span> <span word="insurers">insurers</span> <span word="will">will</span> <span word="be">be</span> <span word="allowed">allowed</span> <span word="to">to</span> <span word="exceed">exceed</span> 25 <span word="percent">percent</span>.</p><p><span word="China">China</span> <span word="will">will</span> <span word="facilitate">facilitate</span> <span word="foreign">foreign</span> <span word="institutional">institutional</span> <span word="investors">investors</span> <span word="in">in</span> <span word="investing">investing</span> <span word="in">in</span> <span word="the">the</span> <span word="inter">inter</span>-<span word="bank">bank</span> <span word="bond">bond</span> <span word="market">market</span> <span word="by">by</span> <span word="greenlighting">greenlighting</span> <span word="them">them</span> <span word="in">in</span> <span word="obtaining">obtaining</span> <span word="type">type</span>-<span word="A">A</span> <span word="underwriting">underwriting</span> <span word="licenses">licenses</span> <span word="in">in</span> <span word="the">the</span> <span word="market">market</span>, <span word="said">said</span> <span word="the">the</span> <span word="statement">statement</span>.</p>
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