China Eases Access into Rural Financial Market.

(From SinoCast China Financial Watch)

BEIJING, January 31, SinoCast -- China is easing the market access for financial institutions into rural areas on a trial basis in order to support rural financing amid the construction of new socialist countryside. China Banking Regulatory Commission on January 26 released six documents to the first batch of six provinces picked to participate in the trial program. The piloting provinces are Inner Mongolia, Jilin, Hubei, Sichuan, Gansu and Qinghai. The documents are interim administrative rules on banks in village and town, interim administrative rules on loan companies, interim administrative rules on rural credit unions, and …