China will further open up its banking and insurance sectors, the country's...
FILE PHOTO: People film the new sign of China Banking and Insurance Regulatory Commission , the newly merged regulatory body, at its office in Beijing, China April 8, 2018. REUTERS/Stringer
Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said it plans to soon issue 12 new measures. China also plans to remove a requirement for foreign banks to have $20 billion in assets before being able to set up a branch, he added.
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