Economy China pledges to allow more foreign investment in financial sector by year-end Updated : April 11, 2018 09:18 PM IST The government also will not set foreign ownership limits for investment in wealth management companies set up by commercial banks by the end of 2018. President Xi Jinping promised on Tuesday to open the economy further and lower import tariffs on products like cars. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.