Date
11 December 2017

CBRC lifts private shareholding limit in rural banks, paper says

The China Banking Regulatory Commission will raise the maximum allowable shareholding limit for private capital in rural commercial banks and rural credit cooperatives, China Business News reported Friday, citing a notice from the banking watchdog. Private companies could take as much as 20 percent stake in rural banks in the initial operation stage, up from the current 10 percent ceiling for a single shareholder, according to the newspaper. The CBRC is also urging commercial banks to lend more to agricultural industries this year. Outstanding agriculture-related loans reached 20.9 trillion yuan (US$3.4 trillion) at the end of 2013, the report said.

– Contact HKEJ at [email protected]

KZ/AC/CG

 

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