BEIJING, January 25, 2024 (AsianFin)—China has introduced more than 50 measures to open up the financial sector, including lifting the equity percentage restrictions for foreign investment in financial institutions, said Xiao Yuanqi, Deputy Director of the National Financial Regulatory Administration (NFRA) at a press conference on Thursday. Currently, foreign investors can hold 100% equity in banks and insurance institutions in China. In addition, the relevant restrictions on the financial industry in China's 'Negative List' for foreign investment access have been completely removed.