Economics
China's About to Give Global Finance the Chance of a Lifetime
- Ten-fold profit surge seen for life insurers like AIA by 2030
- Foreign banks will face a tougher time building market share
China's About to Give Global Finance the Chance of a Lifetime
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China’s $42 trillion financial sector is set to open up to the world like never before.
To deliver on longstanding pledges and help stave off the threat of tariffs from U.S. President Donald Trump, Chinese officials have set a June 30 deadline to ease ownership and business restrictions for banks, securities firms, asset managers and life insurers.