China encourages small and medium-sized banks to introduce strategic investors from overseas – People’s Daily

From People’s Daily Online:

China encourages its small and medium-sized banks to introduce strategic investors from overseas in order to learn from advanced management ideas and techniques to improve their core competitiveness, top banking regulator said in Jinan Saturday.

Addressing an annual national meeting on city commercial banks, Liu Mingkang, chairman of the China Banking Regulatory Commission (CBRC), said China has already made important progress in introducing strategic overseas investment.

To date, nine city commercial banks, including those in Shanghai, Nanjing, Xi’an, Jinan, Beijing, Hangzhou, Nanchong, Tianjin and Ningbo, have introduced strategic investment from overseas, according to the commission. [Full Text]

CDT EBOOKS

Subscribe to CDT

SUPPORT CDT

Browsers Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.