China banking regulator eases market access for foreign lenders
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Wednesday
August 10, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
WEDNESDAY, AUGUST 10, 2022
China banking regulator eases market access for foreign lenders

Global Economy

Reuters
04 January, 2020, 01:55 pm
Last modified: 04 January, 2020, 02:26 pm

Related News

  • Chinese court rejects TV intern's #MeToo case appeal
  • China withdraws promise not to send troops to Taiwan if it takes control of island
  • China military 'completes various tasks' around Taiwan, will conduct regular patrols
  • China investors hedge US delisting risk with Hong Kong play
  • Chinese envoy says Australia ties must be mended before solving trade issues

China banking regulator eases market access for foreign lenders

Foreign lenders will also be able to open both branches and wholly foreign-owned banks at the same time in China

Reuters
04 January, 2020, 01:55 pm
Last modified: 04 January, 2020, 02:26 pm
China banking regulator eases market access for foreign lenders/Reuters
China banking regulator eases market access for foreign lenders/Reuters

China's banking and insurance regulator (CBIRC) has released new rules which make it easier for foreign lenders to enter the Chinese market.

The measures cancel the total asset requirements for foreign banks to set up businesses in China and relax limitations on shareholders of joint venture lenders, according to a notice posted on the CBIRC official website late on Friday.

Foreign lenders will also be able to open both branches and wholly foreign-owned banks at the same time in China, it said.

Meanwhile, the requirements for equity management and anti-money laundering and anti-terrorist financing have been tightened, it added.

China said in October it planned to remove business restrictions on foreign banks, brokerages and fund management firms.

The country is currently locked in a tit-for-tat trade battle with the United States in which China has been touting its free trade credentials. But the two sides have agreed on a partial deal which could be signed soon.

World+Biz

china / eases / foreign lenders

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Fuel price hike could have been avoided with BPC savings: CPD
    Fuel price hike could have been avoided with BPC savings: CPD
  • Can’t afford any more losses: BPC chairman
    Can’t afford any more losses: BPC chairman
  • A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas/File Photo
    Short measure at petrol pumps due to low commissions: Owners' association

MOST VIEWED

  • The logo of Austrian supermarket chain Spar is seen behind a traffic sign at a shop in Vienna, Austria, July 11, 2016. REUTERS/Heinz-Peter Bader/
    European retailers turn off lights, cut opening hours to save energy
  • A shopper wearing a face mask is pictured at a Dollar Tree store in Pasadena, California, U.S., June 11, 2020. REUTERS/Mario Anzuoni
    US consumer prices unchanged in July as cost of gasoline plunges
  • The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato
    SoftBank to book $34 bln gain on Alibaba shares; reduce stake to 14.6%
  • U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration
    Indian companies swapping dollar for Asian currencies to buy Russian coal
  • A floor trader walks during afternoon trading at the Hong Kong Stock Exchange in Hong Kong, China September 26, 2016. Picture taken September 26, 2016. REUTERS/Bobby Yip
    China investors hedge US delisting risk with Hong Kong play
  • The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 9, 2022. REUTERS/Staf
    European shares dip as US inflation data looms; Ahold jumps

Related News

  • Chinese court rejects TV intern's #MeToo case appeal
  • China withdraws promise not to send troops to Taiwan if it takes control of island
  • China military 'completes various tasks' around Taiwan, will conduct regular patrols
  • China investors hedge US delisting risk with Hong Kong play
  • Chinese envoy says Australia ties must be mended before solving trade issues

Features

The elevated ground is made out of soil on which grass and trees have grown. This grass-covered elevated ground extends to the perimeter of the establishment. Photo: Maruf Raihan

Aman Mosque: Where form and function complement each other

1d | Habitat
Photo: BSS

Begum Fazilatunnessa Mujib . . . woman of moral power

2d | Thoughts
Will Glass Cosmetics be your next skincare holy grail?

Will Glass Cosmetics be your next skincare holy grail?

2d | Brands
Akij Tableware: More than just dishes on a table

Akij Tableware: More than just dishes on a table

2d | Brands

More Videos from TBS

Salimullah Khan on Ahmad Safa's thinking on nature

Salimullah Khan on Ahmad Safa's thinking on nature

1h | Videos
Will Tata turn around the Indian car market?

Will Tata turn around the Indian car market?

1h | Videos
Those who remain in morgue for years after death

Those who remain in morgue for years after death

3h | Videos
Is Donald Trump getting caught in tax evasion case?

Is Donald Trump getting caught in tax evasion case?

3h | Videos

Most Read

1
Dollar crisis: BB orders removal of 6 banks’ treasury chiefs 
Banking

Dollar crisis: BB orders removal of 6 banks’ treasury chiefs 

2
Diesel price hiked by Tk34 per litre, Octane by Tk46
Energy

Diesel price hiked by Tk34 per litre, Octane by Tk46

3
Housing projects sprouting up by Dhaka-Mawa expressway
Real Estate

Housing projects sprouting up by Dhaka-Mawa expressway

4
Infographic: TBS
Banking

Dollar rate will be left to market after two months: Governor

5
Photo: Collected
Transport

Will Tokyo’s traffic model solve Dhaka’s gridlocks?

6
Bangladesh to resume talks for Ukrainian wheat import
Economy

Bangladesh to resume talks for Ukrainian wheat import

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]