Main contents: Currently the China Banking Regulatory Commission (CBRC) is responsible for the administration of the number of rural banks to be established, while the main promoter bank, locations and the actual market entry procedures are carried out by banking regulatory bureaux.
China Banking Regulatory Commission, Circular on Matters Relevant to Revising the Approval Procedure for the Establishment of Rural Banks
中国银行业监督管理委员会关于调整村镇银行组建核准有关事项的通知
Stricter approval procedures for the establishment of rural banks.
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