China revises regulations on foreign investment in banking sector

          Source: Xinhua| 2018-08-23 18:30:16|Editor: xuxin
          Video PlayerClose

          BEIJING, Aug. 23 (Xinhua) -- China's banking regulator on Thursday decided to cancel and revise certain regulations on foreign investment in the banking sector in a latest effort to push forward financial opening up.

          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.

          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.

          China will create a fair, open and transparent mechanism for foreign investment in the banking sector and keep the system stable and consistent, according to the statement.

          The move comes as China is steadily advancing the opening up of its financial sector, with measures to reduce restrictions on foreign investors and allow more investment in equity and bond markets.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  偷自拍亚洲综合在线观看 | 一级国产交换配乱婬视频 | 精品亚洲不卡一区二区三区四区 | 婷婷综合色丁香五月不卡 | 在线看片一区二区 | 亚洲Av一级在线免费观看 |