Wires

China to scrap foreign ownership limits in finance firms between Jan and April

April@

SHANGHAI, Oct 11 (Reuters) - China's securities regulator on Friday announced the timetable for scrapping foreign ownership limits in futures, securities and mutual fund companies.

Limits on foreign ownership of futures companies will be scrapped January. 1, 2020, the China Securities Regulatory Commission told a press conference in Beijing.

Limits on foreign ownership of securities firms will be removed on Dec. 1, 2020, while such limits will be scrapped for mutual fund companies on April 1, 2020.

(Reporting by Xiaochong Zhang in Beijing, Samuel Shen and Andrew Galbraith in Shanghai; Editing by Kevin Liffey)