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PR Newswire
10-08-2013, 10:46 AM
Any hint to derive from it?...
Beijing set to tighten rules on foreign investment in banking
SHANGHAI — China is set to amend rules on the setting up of new banks in the country, aiming to tighten requirements for foreign firms while easing regulations for local entities, a draft of revised rules published by its banking regulator showed on Friday.
Foreign financial institutions that want to establish new commercial banks in China or become strategic investors in Chinese banks must meet new requirements on capital adequacy.
Their regulatory capital level must meet the standards set by their home country governments, and also not be below 10.5 per cent, compared with the current requirement of 8.5 per cent.
The maximum equity stake in a Chinese bank that foreign institutions may own is still capped at 20 per cent for a single foreign investor and 25 per cent for all foreign investors.
http://www.todayonline.com/chinaindia/ch...nt-banking
Beijing set to tighten rules on foreign investment in banking
SHANGHAI — China is set to amend rules on the setting up of new banks in the country, aiming to tighten requirements for foreign firms while easing regulations for local entities, a draft of revised rules published by its banking regulator showed on Friday.
Foreign financial institutions that want to establish new commercial banks in China or become strategic investors in Chinese banks must meet new requirements on capital adequacy.
Their regulatory capital level must meet the standards set by their home country governments, and also not be below 10.5 per cent, compared with the current requirement of 8.5 per cent.
The maximum equity stake in a Chinese bank that foreign institutions may own is still capped at 20 per cent for a single foreign investor and 25 per cent for all foreign investors.
http://www.todayonline.com/chinaindia/ch...nt-banking
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