China Revises Market Entry Policies for Banks

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May 6 – The China Banking Regulatory Commission released new market entry policies for branches of joint-stock commercial banks and urban commercial banks on April 30.

The new policies, called the Opinions on the Market Entry Policies for Branches of Small and Medium-Sized Commercial Banks, include six clauses that detail how qualifying small and medium commercial banks will not be restricted by the quantitative index when establishing branches in certain regions.

The policy also state that the provincial banking regulatory bureau will be in charge of the the examination and approval procedures for examining and approving the establishment of branches within the provinces.

For further reading refer to the April 2008 issue of China Briefing, Investing in China’s Big Ticket Restricted Industries.

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