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China allows overseas investors to hold over 20 per cent shares of state banks.
(From BBC Monitoring International Reports)
Text of report in English by official Chinese news agency Xinhua (New China News Agency)
Beijing, 19 September: A qualified overseas strategic investor may hold more than 20 per cent of shares of a state-owned commercial bank, Yan Qingmin, an official with the China Banking Regulatory Commission [CBRC] was quoted by the China Securities Journal as saying on Monday [19 September].
Qualified overseas investors should play positive roles in long-term investment, service cooperation, and providing managerial personnel and distributional channels after becoming shareholders of Chinese state-owned banks, Yan …
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