CBRC trial targets private capital
Print Edition
China’s banking regulator will approve up to five private banks this year under a trial to allow private funds to invest in the sector as the country seeks to further liberalize the financial industry in a bid to bolster its slowing economy.
The China Banking Regulatory Commission said it plans to broaden the channels and means for private capital to invest in the banking sector, according to a statement posted on its official website yesterday.
Private capital will be encouraged to participate in the restructuring of the banking industry. They will also be allowed to set up banks at their own risks under the trial, the CBRC said.
About three to five private banks will be approved in the first batch on a case-by-case basis, the CBRC said.
The regulator will explore measures to gradually lower market entry and capital requirement for additional branches for foreign banks.
The CBRC also said it will further support banking reforms in the Shanghai pilot free trade zone.
The CBRC’s tasks for 2014 include preventing systemic and regional risks, controlling local government financing platforms, managing credit risks of property loans and loans to industries with excess capacity.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
