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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 take more steps to boost the private sector by lowering the investment threshold in emerging industries, a senior official with the nation's top economic regulator said on Saturday.
China will encourage new tourist activities, including horse racing, sports betting and an instant lottery, in South China's Hainan province to boost the province's tourism sector. [Photo/VCG]
China's Ant Financial topped the index list with a valuation of one trillion yuan (2.1 billion), followed by ByteDance and Didi Chuxing.
China's ambassador to the United States said the two countries should look at the "really big picture" that would entail them working closer together instead of focusing on their trade imbalances.
来源：资阳报