No Plans to Forbid Commercial Banks

An Expert's View about Banking and Finance in China

Last updated: 29 Jun 2011

China Banking Regulatory Commission (CBRC) Tuesday said it has no plan to suspend approving domestic lenders' establishment of new branches.

Its policies on accepting and reviewing applications for new branches of commercial banks remain unchanged, it said.

However, CBRC said it would be "more prudent" on city banks' inter-regional expansion without elaborating how the prudent manner would work.

The banking regulator was responding to previous media reports, which suggested that the commission had unofficially suspended approving city lenders' expansions outside their own markets of origin, after Qilu Bank Co. fill victim to a commercial paper fraud that was uncovered late last year.

To read the full version, please click here


Posted: 28 June 2011, last updated 29 June 2011

See more from Banking and Finance in China

Expert Views    
Minimum Registered Capital Requirements   By Hong Kong Trade Development Council (HKTDC)
Control over Foreign Exchange   By Hong Kong Trade Development Council (HKTDC)
No Plans to Forbid Commercial Banks   By Hong Kong Trade Development Council (HKTDC)
Repatriation of Profits   By Hong Kong Trade Development Council (HKTDC)
Hot Tips    
How To Get Your Money Back From Clever China Cheaters...   By China Fraud Patrol