Bank Approval news and trends

China Promises To Grant More Foreign Bank Licenses

January 24, 2019
China to Grant More Banks Global Licenses
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China Promises To Grant More Foreign Bank Licenses

January 24, 2019
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 reported that China has promised to let foreign banks have more access to its financial sector, which is worth about $40 trillion. Fang Xinghai, the vice chairman of the China […]