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China will implement an additional 25 percent tariff on 659 goods worth billion from the United States, the Customs Tariff Commission of the State Council said Saturday.
China's central bank is carrying out new measures to ban initial coin offerings and virtual currencies on Tuesday, aiming to maintain the country's financial market stability.
China will lift foreign ownership limits on securities, fund management and futures companies by the end of this year, a year ahead of the schedule, said the State Council's Office of Financial Stability and Development Committee last year when it announced 11 measures to further expand the financial sector's opening-up. The central government also allowed foreign asset managers to partner with subsidiaries of Chinese banks or insurers to establish foreign-controlled asset management companies.
China will further open its door wider and deepen reforms, lower the threshold of market access, improve policy transparency and conduct equitable supervision, Premier Li Keqiang said at the opening ceremony of the annual meeting of New Champions in Tianjin, also known as Summer Davos, on Wednesday.
China's campaign to tighten regulations on asset management products and services will reshape the inflated financial sector by stifling the growth of leverage and constraining the conduit for shadow credit, experts said.
来源：资阳报