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...
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. Reuters reported this week that with the new rules, these financial firms located outside China will be able to establish...
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 foreign investors. According to a report in Reuters, citing a statement made by state media agency Xinhua, the CBRC overhauled...
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. 28) reports from Reuters. The move is intended to lure investments to China’s financial sector, an economic element that is currently...
October 27, 2019
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 in the country. Wong, the deputy chairman and chief executive of HSBC’s Asia Pacific operations, added that China also needs to boost corporate governance and investor protection to prevent financial […]
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...
February 26, 2018
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 foreign investors. According to a...
December 29, 2017
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. 28) reports from Reuters. The...
