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China's top securities regulator says...>

CHINA PRESS
CHINA PRESS: China's top securities regulator says that any new plans to develop
high-quality investment banks will not have a big impact on the existing
industry, according to a spokesman for the China Securities Regulatory
Commission (CSRC). The Economic Information Daily reported the comments in
response to rumours that the CSRC plans to grant investment banking licenses to
commercial lenders in a pilot scheme which could involve at least two of the
country's largest banks. The CSRC said it was still discussing how to promote
the investment banking industry but did not disclose further details. 

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