20 February 2019

First private banks eyed for reform hubs, paper says

The first batch of three to five privately owned banks will be piloted in cities undergoing financial reform, National Business Daily reported Monday, citing China Banking Regulatory Commission vice chairman Wang Zhaoxing {王兆星}. No detailed regulations will be issued under the trial program but the banks will be required to follow standard operating procedures, Wang was quoted as saying.

– Contact HKEJ at [email protected]



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