Regulations eased
Source: Bloomberg News |
October 11, 2012, Thursday
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Print Edition
Print Edition
CHINA has removed or amended 314 administrative regulations covering industries from banking to online retailers as the government seeks to increase the ease of doing business in the world's second-biggest economy. The changes announced by the State Council yesterday include removing a requirement for branches of foreign banks in the country to seek permission from the China Banking Regulatory Commission to change addresses. Foreign shareholders in Chinese banks also no longer need the approval of China's foreign exchange regulator to remit dividends abroad.
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