By Richard McGregor in Beijing and Neil Hume in London
Tuesday, December 18, 2007
Chinese citizens will soon be able to buy shares and mutual funds in London and New York through their local banks after a regulatory reform that marks a further step in the export of Chinese capital into global markets.
A scheme under which Chinese can now legally buy shares in Hong Kong will be extended to include London under an agreement between the China Banking Regulatory Commission and British regulators.
China is also negotiating a similar agreement with US regulators to further extend the scheme to the New York markets, a CBRC statement said.
From ftchinese.com
Read the full story, click here(English article)
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