China moves to boost foreign investment in domestic tech companies
BEIJING - China published measures on Friday aimed at promoting overseas investment in its technology sector, in a latest bid to attract foreign investors amid signs some are considering shifting away from the world's second-largest economy.
The government will also facilitate foreign investment in Chinese tech firms via an inbound investment scheme, QFLP, and will "efficiently" approve applications for licences under QFII and RQFII - programmes that allow foreign investment in Chinese stocks and bonds. The measures come as China strives to shore up confidence among overseas investors amid a slowing economy and geopolitical tensions.
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