Analysts at UOB Group explained that US President Donald Trump is on the last leg of his Asia tour.
"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."
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