Regulator to allow direct equity invesment by banks
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clpstaff &clp articlesRule change may provide more support for public and private companies
Banks in China will soon be able to make direct equity investments, in a move set to provide further stimulus for the country's economy.
The China Banking Regulatory Commission (CBRC) is said to be drafting new regulations which will change the rules governing banks' investment practices, initially for a set of approved institutions. Industrial and Commercial Bank of China, Bank of China, China Construction Bank and Agricultural Bank of China will participate in a trial scheme during the first half of 2009.
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