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China to scrap limit on foreign ownership over Chinese banks

Xinhua Financein
2018-06-10 21:10

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The China Banking and Insurance Regulatory Commission (CBIRC) plans to lift the limit on the foreign ownership over Chinese-funded commercial banks and financial asset management companies, the Securities Journal reports Friday afternoon.

To further facilitate the foreign investment, the authority will give equal treatment to foreign and Chinese investors regarding the ownership over the above-mentioned financial institutions.
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