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China plans to grant investment banking licenses to lenders - Caixin

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China's securities regulator plans to grant investment banking licences to commercial lenders as part of efforts to breed industry behemoths in the face of fiercer foreign competition, business magazine Caixin reported.

), the country’s top lender, submitted a plan to CSRC in late 2018 seeking to set up a securities unit with registered capital of 100 billion yuan, Caixin reported.ICBC declined to comment.

Regulators’ desire to break the wall between commercial and investment banking was fuelled by mounting competition from foreign players, according to Caixin.

 

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So communist occupied china is desperate for foreign currency and capital.

Joe Biden will be 'all in' for China to have banks here in the USA. Joe Biden and Hunter are on the payroll for the Chinese Government. Joe Biden NEVER says anything bad about China. Because he is a BENT, corrupt, politician.

MurderOfBirds_ thought they were talking about your gf lol

Lol another disaster in making

CCP propaganda

China dominance Allie hsi

CKMKB

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