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The China Banking Regulatory............>

CHINA PRESS
CHINA PRESS: The China Banking Regulatory Commission is planning to strengthen
regulation of commercial banks' equities and limit so-called blind investment in
banking institutions via financial products, the Shanghai Securities News
reported Friday. According to a draft of the regulations released Thursday by
the CBRC to solicit public opinion, no more than 5% of a commercial bank's
shares could be held by a single institution issuing financial products -
including funds, insurance management products, and trust products. The
regulation will help prevent "barbarians" from conducting hostile takeovers via
financial products, the report argued. The draft also clarifies that one
investor or its subsidiaries cannot be a main shareholder in more than two
banks. (Shanghai Securities News)

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