From this year, foreign banks can now set up branches in China without a local partner holding the majority stake, the banking regulatory authority, CBIRC, announced yesterday. – EPA pic, January 4, 2020.
CHINA has started lifting major restrictions on foreign investment in its financial sector, a move long demanded by the United States as the world’s two biggest economies are locked in a fierce trade battle. From this year, foreign banks can now set up branches in China without a local partner holding the majority stake, the banking regulatory authority, CBIRC, announced yesterday.
Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più: