Security industries

• Upon China's accession to the WTO, joint ventures in security investment fund management will be permitted in China. Within three years after the accession , the foreign equity share in such joint ventures will be permitted to increase to 49 per cent.

• Within three years after China's accession, joint- venture securities companies will be permitted where the foreign equity share does not exceed 33 per cent. They will be permitted to engage in underwriting A shares, B shares and H shares, as well as government and corporate debts and to launch funds.