Trump opens China up on his Asian tour - UOB
|Analysts at UOB Group explained that US President Donald Trump is on the last leg of his Asia tour.
Key Quotes:
"US President Donald Trump is on the last leg of his Asia tour in the Philippines on Mon-Tue to attend the ASEAN and East Asia summit meetings and meet with Philippines President Rodrigo Duterte.
Trump’s visit to the China has yielded the announcement of more than $250 bn in business deals in China."
"Furthermore, China took a major step to open its financial market after the meeting, to allow foreign banks to own up to 51% stakes in Chinese securities, fund management companies and this cap will be removed after three years."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.