China may sell controlling stakes in small banks – Richard McGregor

From the Financial Times (link)

China may be willing to loosen state control of the sector by allowing the sale of controlling stakes in small and medium-sized lenders once exclusively owned by the government.

The new policy, enunciated in a weekend speech by a senior regulator, may also signal a willingness to open the sector further to foreigners, many of which are pushing to take controlling stakes in banks in which they invest.

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