18 January 2019

CBRC to limit private bank approvals, paper says

The China Banking Regulatory Commission (CBRC) will take a cautious approach to license approvals for privately held banks, China Securities Journal reported Tuesday. The banking regulator will approve no more than three to five such licenses initially. Meanwhile, the CBRC will encourage private capital to help in the reform of the banking sector, the report said.

– Contact HKEJ at [email protected]com



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