China to Allow Foreign Control of Securities Firms

Authors: Han Kun Law Offices  Tiecheng Yang丨Yin Ge丨Ting Zheng丨Michael KanOn 9 March 2018 the China Securities Regulatory Commission ("CSRC") issued the Measures for Administration of Foreign Investment in Securities Companies (Draft for Comment) (the "Draft Measures")[1], and requested public comments until 8 April 2018.  The CSRC's issuance of the Draft Measures is widely considered a significant move to further open up China's domestic financial sector.How will the Draft Measures affect foreign investment in securities companies in China?  This newsletter begins with a background of the current foreign ownership limitations in China, interprets the key regulatory changes and impacts on foreign investment in securities companies as proposed in the Draft Measures, and briefly analyzes the regulatory trends for further implementing China's other commitments to ease ………………………………