Foreigners allowed bigger stakes in Chinese companies

Relaxed regulation unlikely to create big short-term waves amid low stock market confidence: Analysts

Foreign investors can own more of a listed Chinese company after rules were relaxed to draw long-term overseas capital.

Qualified Foreign Institutional Investors (QFII) and Renminbi Qualified Foreign Institutional Investors (RQFII) can hold up to 30 percent of a company, under a guideline issued by the Shanghai Stock Exchange on Wednesday.