The authorities are trying to prod local banks by promoting broader participation of foreign players in the market.
Dong Chen
The move, by lowering the threshold for small shareholders, is aiming to provide more opportunities for overseas non-financial institutions and their holding companies to invest in securities.
opportunities small institutions
market banks
We need to promote competition, which will benefit the Chinese banking sector over the long haul.
competition chinese banking benefit
That the B shares may be merged into A shares is a main reason for the index to rise.
reason rise
The new rules give listed companies more flexibility. The share incentives will stimulate the firms' efficiency and management.
rules management share efficiency flexibility give
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