PYMNTS-MonitorEdge-May-2024

foreign banks

HSBC Says China Should Loosen Regs For Global FIs
HSBC Says China Should Loosen Regs For Global FIs
October 27, 2019  |  Regulation

HSBC executive Peter Wong is calling for China to relax regulations so that foreign banks can have an easier time obtaining licenses and raising deposits...

READ MORE >
China Promises To Grant More Foreign Bank Licenses
China Promises To Grant More Foreign Bank Licenses
January 24, 2019  |  International

More approvals are coming in China for global banks looking for majority ownership in their local securities ventures, according to a top Chinese regulator. Bloomberg...

READ MORE >
China Gives Nod To Wholly Owned Foreign Banks
China Gives Nod To Wholly Owned Foreign Banks
October 26, 2018  |  Regulation

Draft rules from the China Banking and Insurance Regulatory Commission (CBIRC) show that the regulator will relax at least some ownership rules for foreign banks....

READ MORE >
China’s Bank Regulator Makes Foreign Investments Easier
China’s Bank Regulator Makes Foreign Investments Easier
February 26, 2018  |  International

In an effort to bring more investments to the financial sector, the China Banking Regulatory Commission (CBRC) has overhauled rules to make things easier for...

READ MORE >
China Drafts Measures To Ease Foreign-Bank Entry
China Drafts Measures To Ease Foreign-Bank Entry
December 29, 2017  |  International

China’s banking regulator has issued a draft measure to amend licensing and oversight of the banking activities of foreign-backed financial companies, according to Thursday (Dec....

READ MORE >