CHINA: Regulations on Foreign Investment in Banking Sector to be Eased

Friday August 24 2018

China will abolish management rules on overseas financial institutions’ investment in domestic organs, applying the same market entry and administrative approval policies for both Chinese and foreign investment, according to a statement from the China Banking and Insurance Regulatory Commission on 23 August 2018.

The commission will also cancel restrictions on foreign holdings in Chinese banking and asset management companies in three other documents.

The new rules specify that when overseas institutions invest in Chinese commercial banks or rural financial organs, supervision and management on such organs should not be changed.

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