Trump opens China up on his Asian tour - UOB

Analysts at UOB Group explained that US President Donald Trump is on the last leg of his Asia tour.

Key Quotes:

"US President Donald Trump is on the last leg of his Asia tour in the Philippines on Mon-Tue to attend the ASEAN and East Asia summit meetings and meet with Philippines President Rodrigo Duterte. 

Trump’s visit to the China has yielded the announcement of more than $250 bn in business deals in China."

"Furthermore, China took a major step to open its financial market after the meeting, to allow foreign banks to own up to 51% stakes in Chinese securities, fund management companies and this cap will be removed after three years."