The People’s Bank of China has drawn up a timetable for the lifting of geographic restrictions on foreign bank branches after China joins the World Trade Organisation, People’s Daily said. Upon accession, foreign banks will be allowed to operate in Shenzhen, Shanghai, Dalian and Tianjin. Thereafter, year by year, the number of cities will be […]
Category: Banking & Finance
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BOCI wins regulatory approval
China's regulators have agreed to let the Hong Kong-based Bank of China International (BOCI) go ahead with preparatory work for setting up a joint venture securities firm in China. BOCI is the investment banking arm of the state-owned Bank of China. However, as a Hong Kong-listed firm it is seen on the mainland as an […]