Several foreign financial institutions have recently expanded their investments and established bases in China, further deepening their engagement with the Chinese market.

Mastercard's Chinese joint venture, Mastercard NetsUnion Information Technology (Beijing) Co., Ltd., announced the official commencement of its bank card clearing operations on Thursday, making it the second joint venture for Mastercard in the country.
Allianz Global Investors, the ninth company engaged in wholly foreign-owned public fund management business in China, is gearing up to launch its first public fund product since commencing operations in April.
"We are excited about the prospects ahead and look forward to establishing long-term relationships in China's thriving investment landscape," said Roxane Zander from Allianz Global Investors.
In April, the China Securities Regulatory Commission approved the establishment of BNP Paribas Securities (China) Limited, a fully-owned subsidiary of BNP Paribas. This marks another expansion of BNP Paribas's business footprint in China following the launch of a wealth management joint venture with the Agricultural Bank of China (ABC) in June last year.
China has so far approved 10 foreign-controlled securities companies, nine wholly foreign-owned fund management companies, and three foreign-controlled futures companies to do businesses in the country.
In the first quarter, both Fidelity Fund and Neuberger Berman completed their fourth and third rounds of capital increases in China, respectively, since their inception.
"Investing in China is consistently a wise choice. Now, the world economy is experiencing a slowdown, the imperative to invest in China becomes even more pronounced. We hold a strong optimism regarding the stability of China's present market and our confidence in its future prospects," said Yan Xiaoqing, CEO of Lubomai Fund Management (China) Co Ltd, Neuberger Berman's subsidiary in China.
Data show that in the first quarter, the actual use of foreign capital in the financial sector increased by 1.4 percent. The net increase in foreign holdings of domestic bonds reached 41.6 billion U.S. dollars in the first quarter, exceeding the total net increase for all of last year.