PRC Law on the Regulation of the Banking Industry (Revised Draft for Comments)

中华人民共和国银行业监督管理法 (修订草案征求意见稿)

Banks may not transfer business data overseas without authorization.

1 minute readDecember 02, 2022 at 04:33 AM

Susan Mok

Issued: November 11, 2022

Main contents: The Draft includes the major shareholders and de facto controllers of banking financial institutions within the scope of regulation, for example, review of the establishment of institutions, and of changes in institutions with legal personality.

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