China’s CBRC to harmonise regulation for foreign banks and Chinese-funded banks

The China Banking Regulatory Commission, in the latest of a series of moves by the Chinese government to open up the financial sector and reduce regulatory restrictions for foreign investors, has published draft revisions to its 2015 rules on administrative licensing matters relating to foreign-funded banks. The scope of the draft revisions is wide-ranging, and covers investment in domestic banks, licensing requirements and other operational matters.

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