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

CHINA
CHINA: The China Banking Regulatory Commission issued a guideline on commercial
banks' establishing subsidiaries to handle debt-to-equity swaps, according to a
statement on the CBRC website on Monday. The regulator is likely to require that
the registered capital of the subsidiaries be no less than CNY10 billion, and
that the parent banks hold more than 50% of the total investment, the statement
noted. The guideline is open for public comment, the CBRC said.

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