Circular on Matters Relevant to Further Relaxing Market Access for Foreign-funded Banks

关于进一步放宽外资银行市场准入有关事项的通知

Foreign banks allowed more new businesses

Yin Bao Jian Ban Fa

1 . A branch of a foreign bank may commence in accordance with the law to engage in the business of offering on an agency basis, redeeming on an agency basis and underwriting government bonds without the administrative permission of the State Council's banking regulator. It shall submit a report thereon to the regulator within five working days after commencing such business.

(中国银行保险监督管理委员会办公厅于二零一八年四月二十七日发布。)

A wholly foreign-owned bank or a Sino-foreign equity joint venture bank may commence in accordance with the law to engage in the business of offering on an agency basis, redeeming on an agency basis and underwriting government bonds without the administrative permission of the State Council's banking regulator. It shall submit a report thereon to the regulator within five working days after commencing such business.

银保监办发〔2018〕16号

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