UPDATE 1-China to expand access to financial services -U.S.

(Reuters) - China will remove a bar on new foreign securities firms and
resume licensing securities companies, including joint
ventures, in the second half of 2007, the Treasury announced at
the conclusion of two days of high-level talks on U.S.-China
economic issues.




Beijing also agreed to allow foreign securities firms to
expand their operations in China to include brokerage, property
trading and fund management, the Treasury said.


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