CBRC relaxes licence requirements for foreign banks
The China Banking Regulatory Commission (CBRC) has taken a further step towards opening up the country’s financial sector, allowing foreign and joint venture banks to invest in domestic banking financial institutions.
In addition, foreign lenders and joint venture banks operating in China that intend to underwrite treasury bonds no longer need to apply for permission from the CBRC. Instead, they must report to the regulator within five days of the deal completing.
On top of that, the CBRC said
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