Big Four banks to invest in insurance
Pilot programmes to begin soon
Issue: May 2009
Keywords (click to search):
banking
insurance
investment
Beijing Bank
Bank of Communications
China’s banking and insurance regulators have approved investment in insurance companies by commercial banks. The news comes three months after the regulators signed a memorandum of understanding agreeing to strengthen and deepen their cross-industry co-operation.
Lai Xiufu, an official from the China Banking Regulatory Commission (CBRC) announced on April 13...
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