China Banking Regulatory Commission, Matters Relevant to Further Opening up the Banking Industry Notice

中国银行业监督管理委员会关于进一步对外开放银行业相关事项的公告

November 30, 2004 | BY

clpstaff &clp articles

Relaxed requirements for foreign invested financial institutions in renminbi business, profitability requirement, branch office establishment and starting insurance agency service.

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Issued: November 24 2004

Main contents: The Notice specifies the policies and measures to be taken by the China Banking Regulatory Commission (CBRC) in further opening up the banking industry.