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FOREIGN BANKS RUSH TO INCORPORATE IN SHANGHAI FOR RMB RETAIL BIZ.
Publication: AsiaPulse News Publication Date: 29-NOV-06 |
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COPYRIGHT 2006 Asia Pulse Pty Ltd
BEIJING, Nov 29 Asia Pulse - Less than two weeks after China released new rules regarding the opening of the financial sector on December 11, several foreign banks say they intend to incorporate in Shanghai to qualify for renminbi retail business.
Meanwhile, the China Banking Regulatory Commission (CBRC) yesterday provided additional details to the...
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