Landmark Regulations Expand China's Banking Sector
November 30, 2006 | BY
clpstaff &clp articlesHow do the new Regulations for the Administration of Foreign-invested Banks, enacted to fulfil China's WTO commitment, affect business for domestic and foreign banks?
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When China joined the Word Trade Organization in 2001, it made a commitment to open its banking sector to foreign investors. To help local and international investors thrive in the new environment, the government introduced the PRC Regulations for the Administration of Foreign-invested Banks. How do these new regulations affect business for domestic and foreign banks?