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Trading news
14 Nov 2017
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."