China Banking Regulatory Commission (CBRC)....>

CHINA: China Banking Regulatory Commission (CBRC) on Wednesday listed several

policy initiatives that it can take to support greater foreign involvement in

China's banking and financial sector. The Commission will implement the State

Council's directive to reduce the restriction on the percentage of shares a

foreign investor or institution can hold in a non-private Chinese bank or

financial asset management company, according to a statement on the CBRC

website. The CBRC will increase the types of business allowed for a foreign bank

in China. It will also allow foreign banks' to expand their businesses in China,

remove the waiting period requirement for foreign banks to do yuan-related

businesses, support them starting domestic treasury bond businesses, reduce

deposit requirements for foreign banks doing yuan retail transactions and

support foreign banks operating in the Chinese financial market. CBRC also said

current regulations will be optimized, such as adjusting requirements for

operating capital and regulatory examination methods for foreign banks.