Looking at New Implementing Rules for Foreign Financial Institutions

September 02, 2004 | BY

clpstaff &clp articles

New implementing rules govenrning foreign financial institutions promulgated by the China Banking Regulatory Commission remains cautious to financial market opening.

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By Stephen M. Harner

For proponents of the "glass half full" view of Chinese banking regulation, thePRC Administration of Foreign-invested Financial Institutions Regulations Implementing Rules (hereinafter the Implementing Rules)