Related News
Private banks approved in Beijing, Nanjing
CHINA'S banking watchdog has approved the launch of two private banks, in Beijing and eastern Jiangsu Province, to better serve the real economy and help finance small enterprises.
In a statement to the Shenzhen Stock Exchange Wednesday night, Suning Commerce Group, a major Chinese home appliance retailer, said it had received the green light from the China Banking Regulatory Commission to set up its bank in Nanjing, capital of Jiangsu.
Suning has a 30 percent stake in the bank.
Meanwhile, shareholders of Zhongguancun Bank said the bank had received regulatory approval.
Zhongguancun Bank has a registered capital of 4 billion yuan (US$576 million) and will be established by 11 listed companies in six months. Yonyou Network Technology Co., Ltd. is the largest shareholder, with a 29.8 percent stake.
Both banks will provide financial services, mainly to individual clients and micro, small and medium-sized enterprises.
The commission approved the setting up of five private banks on a trial basis in March 2014, in a bid to further open up the banking sector to domestic and foreign capital.
Earlier this year, the banking regulator approved Chongqing-based Fumin Bank, Sichuan-based Xiwang Bank and Fujian-based Huatong Bank.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.