China brokerage plan stirs hope among foreigners

(Reuters) - Since a huge, two-year overhaul of the country's brokerage
sector, hard lobbying for Beijing to allow foreign players to
set up brokerage joint ventures has largely fallen on deaf
ears.




But China heeded U.S. calls for further opening its
financial sector during high-level talks in Washington on
Wednesday, unveiling its intention to resume licensing for
securities firms, including joint ventures, this year.


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