China will accelerate opening up of its commercial banking and securities sectors, among others, next year.
- foreign insurers can apply to set up 100%-owned units offering life insurance (this segment accounts for three-quarters of the Chinese insurance market)
- from January 1 overseas firms will be allowed to set up their own entities to trade futures
- offshore firms will be able to apply for licenses to start wholly owned mutual fund management firms in April
And, plenty more here at the link