CRI听力:Canada eyes relaxing rules to attract investment from China

It's being suggested the Canadian government could be looking to relax its rules surrounding foreign investment.

Ahead of the forthcoming G20 summit in Hangzhou, the Canadian government says it hopes to meet with Chinese officials to discuss a potential opening of the Canadian market to outside investment.

The country's Finance Minister says they're not ruling out the possibility of allowing Chinese state-owned companies to tap into the Canadian market.

Canada's previous administration gave the green-light to Chinese energy giant CNOOC to purchase Canadian oil-sands firm Nexen for just over 15-billion US dollars.

The largest offshore investment by a Chinese company at that time, the Nexen purchase has been creating problems for CNOOC so far this year, with the company reporting a net loss of 1.16-billion US dollars through the first half on write-downs from its holdings.

Much of those losses are being attributed to Nexen, which has been hemoraging money during the current downturn in oil prices.

For more on this, we are now joined on the line by Cao Can, CRI's CRI's Financial Commentator.