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China's A-share market is scheduled to be included in the MSCI emerging markets index in June. As estimated by China International Capital Corporation Limited, it is expected to bring in a capital inflow valued between billion and billion this year.
China will phase out the equity cap on automotive joint ventures by 2022, with the cap on manufacturers of new energy vehicles and special-use vehicles to be removed later this year, according to the National Development and Reform Commission.The commission reported the cap will be removed for commercial car producers in 2020 and passenger car producers in 2022. International carmakers will be allowed to have more than two joint ventures as well.
China will keep expanding international cooperation with other countries on climate change, public health, energy, as well as scientific policy, research ethics and other topics of global concerns, Wang Zhigang, minister of science and technology, said on Friday.
China's benchmark Shanghai Composite Index fell 24.6 percent to 2,493.9 points in 2018. It, however, has made a strong rebound so far this year, rallying to exceed 2880 points Monday morning.
China will open up bank card clearing, remove restrictions on the operational scope of insurance agencies, and ease or cancel limits on foreign holdings in companies in banking, securities, funds, futures, and financial asset management.