China unveils revised regulations for foreign banks

Source: Xinhua| 2020-01-04 14:08:53|Editor: yhy
Video PlayerClose

BEIJING, Jan. 4 (Xinhua) -- China's banking regulator unveiled revised management regulations for foreign banks to advance opening up of the banking sector to a higher level and promote its high-quality development.

Foreign banks can establish branches and wholly foreign-owned banks at the same time on the Chinese mainland, according to the China Banking and Insurance Regulatory Commission.

The requirement on total assets for foreign banks to establish business institutions in China was eliminated, and the selection range of the Chinese major shareholder of the Sino-foreign joint venture banks was widened.

The regulations delegated and adjusted parts of the approval authority regarding the qualifications of the directors and the senior management personnel in foreign banks and the opening of the branches.

Review requirements related to equity management, anti-money laundering and anti-terrorist financing were also added in the regulations.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001386778571
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
亚洲午夜五月在线一区 | 免费成人AV电影不卡在线观看 | 日韩欧美永久免费aⅴ在线 午夜少妇特级福利 | 在线人成视频播放午夜福利网站 | 中字幕久久久久久久免费 | 亚洲综合另类专区在线 |