Foreign capital will be able to control the securities and fund industries.
"China and the United States maintain close communication in macroeconomic policy coordination, including fiscal, monetary and exchange rate policies, their respective structural reforms and global economic governance. The two sides will work together to promote strong, sustainable, balanced and inclusive growth of the global economy. " Zhu Guangyao introduced that in order to implement the relevant arrangements of the 19th National Congress of the Communist Party of China on further opening to the outside world, China has decided to relax the restrictions on the investment proportion of single or multiple foreign investors directly or indirectly investing in securities, fund management and futures companies to 5 1%. After the implementation of the above measures for three years, the investment ratio is not restricted; Cancel the shareholding ratio limit of Chinese-funded banks and financial asset management companies, in which the individual foreign shareholding does not exceed 20% and the total shareholding does not exceed 25%, and implement the rule that the proportion of equity investment in the banking industry is consistent inside and outside; After three years, the investment proportion of insurance companies engaged in life insurance business established by individuals or multiple foreign investors will be relaxed to 565,438+0%, and the investment proportion will not be restricted after five years.
"China has decided to relax the limit on the proportion of single or multiple foreign investors who directly or indirectly invest in securities, fund management and futures companies to 5 1%, while the current regulation is 49%, which means that foreign investors can hold more than 50% of the shares, which is of great significance." Zhu Guangyao said that after the implementation of the above measures for three years, the investment ratio will be unrestricted, which means that the ratio limit of 5 1% will no longer exist and become 100%, which has a great impact on the reform of the securities and fund industries.
"I want to tell you that China's financial market access and opening up was announced during the meeting between the heads of state of China and the United States, but it is open to all countries in the world. This is the principle of the WTO. As an important member of the WTO, China will unswervingly safeguard global free trade and unswervingly implement WTO principles. " Zhu Guangyao stressed.
I hope the United States will expand the export of high-tech products.
Zhu Guangyao introduced that China and the United States welcome the signing of airworthiness implementation procedures by the civil aviation departments of the two countries in accordance with the bilateral aviation safety agreement.
"The signing of this agreement reflects the interests of both China and the United States." Zhu Guangyao introduced that China, as the second largest aircraft market in the world, has a large market capacity, but the number of aircraft actually operated at present is only half that of the United States. American Boeing Company has huge business opportunities in China, and American enterprises are very supportive of the signing of airworthiness agreements between China and the United States. Being able to sign an airworthiness agreement is mutually beneficial to both China and the United States, and will have a long-term, substantial and positive impact on Sino-US economic relations, especially the future aviation cooperation between the two countries.
Zhu Guangyao also revealed that China will gradually and appropriately reduce automobile tariffs. Before June 2065438+2008, the pilot work of liberalizing the ratio of foreign shares in special purpose vehicles and new energy vehicles will be carried out within the scope of the Pilot Free Trade Zone. The same value-added tax policy is applied to the dry corn distiller's grains in the import link and the domestic link, and the value-added tax in the import link is exempted again.
At the same time, China demands that the United States effectively relax the export control of high-tech products to China, fulfill its obligations under Article 15 of the China Protocol on Accession to WTO, treat China enterprises' investment in the United States fairly, promote the process of CICC's independent application for relevant financial business licenses in the United States, and use trade remedy measures cautiously. The two sides will maintain communication on the one-year plan or medium-and long-term cooperation plan of Sino-US economic cooperation.
It is reported that during President Trump's visit to China, the two countries signed commercial contracts and two-way investment agreements totaling more than 250 billion US dollars.