China Banking Regulatory Commission, Implementing Measures on the Administrative Permission Matters Relating to Foreign-funded Banks (Draft for Comments)

Main contents: The Draft requires that proposed wholly foreign-owned banks and Sino-foreign equity joint venture banks have registered capital of at least Rmb1 billion. The foreign investor in a wholly foreign-owned bank or equity joint venture bank is required to have had assets of at least US$10 billion in the year prior to the submission of the application.