BEIJING, Oct. 12 (Xinhua) -- The following are the highlights of China's business news from the past week:
FOREX RESERVES
China's foreign exchange reserves came in at 3.0924 trillion U.S. dollars at the end of September, official data showed.
The amount increased by 19.7 billion U.S. dollars, or 0.6 percent from the beginning of 2019, according to the State Administration of Foreign Exchange.
INFRASTRUCTURE INVESTMENT
China's infrastructure investment rose 4.2 percent year on year in the first eight months of 2019, according to the National Bureau of Statistics (NBS).
The growth rate was 0.4 percentage points higher than the January-July period, NBS data showed.
HOLIDAY AIR TRIPS, CATERING AND RETAIL SALES
During the seven-day National Day holiday from Oct. 1 to 7, 12.8 million passenger trips were made by air, up 5.1 percent year on year, according to the Civil Aviation Administration of China.
Combined sales of retail and catering enterprises in China reached 1.52 trillion yuan (about 215 billion U.S. dollars), up 8.5 percent year on year during the holiday, data from the Ministry of Commerce showed.
FOREIGN OWNERSHIP LIMITS TO BE SCRAPED
Foreign ownership limits on fund management firms will be lifted starting April 1 next year, the China Securities Regulatory Commission (CSRC) said in an online statement.
Shareholding caps on foreign investors currently faced by brokerages will be scraped from Dec. 1 next year, the statement said.
The restrictions on foreign ownership of futures companies will be lifted from Jan. 1 next year, the CSRC said. Enditem
