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Thread: I'm not sure how I feel about this...

  1. #1
    No mercy for losers Addiction Solitaire Champion, Double Deuce Champion, Queen Jewels Champion, Ray Ray Shuffle Champion, Twins Champion, Blow Up: Arcade Champion, Bunch - Time Trial Champion, Znax Champion, Zoo Keeper Champion, Sobics School Champion, Swap a Smiley Champion, Makos Champion, Dino Drop Champion, Flower Frenzy Champion, Some Puzzle Champion, Funny Bubbles Champion, CubeZ Champion, Dinky Smash Champion, Fun Fun Animals Champion, Fruit Fabriek Champion, Raft Wars Champion, Rainbow Monkey RunDown Champion, Raft Wars Champion, Crime Puzzle Champion Blueneck's Avatar
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    I'm not sure how I feel about this...

    Foreign firms will be allowed to hold a majority stake in joint ventures with mainland Chinese securities companies and life insurance joint ventures, and caps on foreign banks’ stakes in Chinese banks and asset managers would be removed, Zhu was quoted saying in a press release issued by China’s State Council on Friday.

    Zhu said the decision was made during meetings between Chinese President Xi Jinping and US President Donald Trump during the latter’s state visit to China this week.

    *snip*

    Now, all foreign banks will be allowed to hold a 51 per cent stake in securities brokerage joint ventures, and after three years this cap will be removed.

    Foreign investors will be allowed to take a 51 per cent stake in life insurance companies after three years, and the cap will be removed after five years.
    I wonder if this has a downside.

    China to ease ownership limits on foreign joint ventures in finance sector
    Thanks from Friday13

  2. #2
    Galactic Ruler Spookycolt's Avatar
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    I'm curious also since its a topic I know nothing about.

    Did Trump do good or bad here?

  3. #3
    Burn it down Macduff's Avatar
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    I don't think it's necessarily a bad thing. But it's going to increase foreign investment in China. Remember the "the Japanese are buying all our real estate" hysteria in the 80's? We still kept our country. We just got some more foreign dollars into it.

  4. #4
    Mad Genius For Hire Puzzling Evidence's Avatar
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    I like, this is why I voted for the guy.

  5. #5
    Veteran Member Micro Machines Champion, Race Against Time Champion Tedminator's Avatar
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    Quote Originally Posted by Spookycolt View Post
    I'm curious also since its a topic I know nothing about.

    Did Trump do good or bad here?
    Depends on how you feel about the Chinese government building gas pipeline in Alaska.

    https://www.adn.com/business-economy...al-with-china/
    Thanks from Babba

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