China Streamlines Rules to Attract Foreign Banks
China Streamlines Rules To Attract Foreign Banks
BEIJING - China's central bank has published streamlined regulations that make it easier for foreign banks to establish representative offices here, Chinese officials said.
Under the revised rules from the People's Bank of China, a foreign bank need no longer establish its first representative office in Beijing but rather may choose any open Chinese city.
The central bank also eliminated regulations requiring foreign representative bank offices to reregister with the government every three years.
Avoiding Beijing
Banks may now submit applications to establish offices at any regional …
The rest of this article is only available to active members of Questia
Sign up now for a free, 1-day trial and receive full access to:
- Questia's entire collection
- Automatic bibliography creation
- More helpful research tools like notes, citations, and highlights
- Ad-free environment
Already a member? Log in now.
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information:
Article title: China Streamlines Rules to Attract Foreign Banks.
Contributors: Not available.
Magazine title: American Banker.
Volume: 156.
Issue: 115
Publication date: June 14, 1991.
Page number: 11.
© 2009 SourceMedia, Inc.
COPYRIGHT 1991 Gale Group.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
One moment ...
- Georgia
- Arial
- Times New Roman
- Verdana
- Courier/monospaced
Reset