Following a rush to attract capital that has lasted several years, the large state-owned banks and most joint stock commercial banks with nationwide operating licences have successfully attracted capital and listed. Foreign investors have increasingly trained their sights on city commercial banks and rural financial institutions as acquisition targets.
While the regulation of such acquisitions has remained largely unchanged, related policies and access conditions have become stricter.
Since the issue of the Foreign-Funded Banks Administrative Regulations in 2006, many multinational financial institutions have established wholly owned banks with legal personality in the PRC, or are preparing to do so.
You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
Dorothy Xing is a partner at Concord & Partners in Beijing
Suite 1930, Beijing Sunflower Tower, 37
Maizidian Street, Chaoyang District
Tel: +86 10 85276468
Fax: +86 10 85275038