State Administration for Industry and Commerce, Questions Relevant to Whether Commercial Bank Branches May Be a Chinese Shareholder of Sino- foreign Equity Joint Ventures Reply

国家工商行政管理总局关于商业银行分行是否可作为中外合资企业中方股东的有关问题的答复

Commercial banks are forbidden to be an enterprise shareholder.

1 minute readJune 02, 2002 at 12:58 AM

clpstaff

& clp articles

Issued: April 15 2002

Main contents: The Reply states that commercial banks are not allowed to be an enterprise shareholder because commercial banks are not allowed to invest in non-banking financial institutions or enterprises according to the PRC, Commercial Banking Law.

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