Banking (General)  

CBIRC tweaks market entry rules for domestic, foreign financial institutions

The CBIRC’s notice is the latest in a long line of changes responding to the State Council’s requirement to cut red tape, streamline administrative procedures, and delegate power to lower-level or provincial branches of the relevant regulatory body. The key takeaway from this notice is that regulators are making the process of getting a license to do business on the mainland somewhat easier…

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