China unveils new measures to further open economy to foreign investment

BEIJING (Reuters) - China's State Council on Tuesday issued new measures to further open the world's second-largest economy to foreign investment.

China will lower restrictions on foreign investment in banking, securities, investment management, futures, insurance, credit ratings and accounting sectors, the Cabinet said in a statement posted on its website.

China will allow foreign-invested firms to list on the Shanghai and Shenzhen exchanges and a new third board, and also allow them to issue corporate and convertible bonds, it added.

(Reporting by Beijing Monitoring Desk; Editing by Jacqueline Wong)

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