China Banking Regulatory Commission, Circular on Issues Relevant to the Banking Regulation in the China (Shanghai) Pilot Free Trade Zone

中国银监会关于中国（上海）自由贸易试验区银行业监管有关问题的通知

November 12, 2013 | BY

CLP Temp &clp articles

Private capital encouraged to set up joint venture banks with foreign investors in the free trade zone.

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Issued: September 28 2013

Main contents: Chinese-invested commercial banks and policy banks with a nationwide footprint and local Shanghai banks shall be permitted to establish new branches and specialised offices in the China (Shanghai) Pilot Free Trade Zone (the Zone) (Article 1).

The establishment of enterprise group finance companies in the Zone by qualified large enterprise groups; applications for the establishment of auto finance companies and consumer finance