{"id":10300,"date":"2006-12-13T20:23:09","date_gmt":"2006-12-14T03:23:09","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2006\/12\/13\/open-season-foreign-banks-eye-china-businessweek\/"},"modified":"2006-12-13T20:23:09","modified_gmt":"2006-12-14T03:23:09","slug":"open-season-foreign-banks-eye-china-businessweek","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2006\/12\/open-season-foreign-banks-eye-china-businessweek\/","title":{"rendered":"Open Season: Foreign Banks Eye China &#8211; BusinessWeek"},"content":{"rendered":"<p>From BusinessWeek:<\/p>\n<p>China is poised to liberalize entry into its banking market. A new world of opportunities and irritations awaits lenders both foreign and domestic<\/p>\n<blockquote><p>Come mid-December, any Chinese person, whether he be in Xi&#8217;an, Shanghai or Shenzhen, will be able to walk into a local branch of a foreign bank and open up a yuan-denominated account.<\/p>\n<p>Five years after China joined the WTO, Beijing will finally open up its retail banking market, taking another step towards liberalizing its financial services sector, one of the few areas still largely untouched by foreign firms.<a href=\"http:\/\/www.businessweek.com\/globalbiz\/content\/dec2006\/gb20061213_922061.htm\">[Full Text]<\/a> <\/p><\/blockquote>\n<p>&#8211; For more news about foreign banks business in China, read <a href=\"\/2006\/11\/foreign_banks_line_up_to_expand_in_china_sundeep_tucker.php\">CDT post Foreign Banks Line up to Expand in China<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From BusinessWeek: China is poised to liberalize entry into its banking market. A new world of opportunities and irritations awaits lenders both foreign and domestic Come mid-December, any Chinese person, whether he be in Xi&#8217;an, Shanghai or Shenzhen, will be able to walk into a local branch of a foreign bank and open up a [&hellip;]<\/p>\n","protected":false},"author":76,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[487,2276,122],"class_list":["post-10300","post","type-post","status-publish","format-standard","hentry","category-economy","tag-banking","tag-foreign-banks","tag-wto","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.9 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Open Season: Foreign Banks Eye China - BusinessWeek<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2006\/12\/open-season-foreign-banks-eye-china-businessweek\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Open Season: Foreign Banks Eye China - BusinessWeek\" \/>\n<meta property=\"og:description\" content=\"From BusinessWeek: China is poised to liberalize entry into its banking market. A new world of opportunities and irritations awaits lenders both foreign and domestic Come mid-December, any Chinese person, whether he be in Xi&#8217;an, Shanghai or Shenzhen, will be able to walk into a local branch of a foreign bank and open up a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2006\/12\/open-season-foreign-banks-eye-china-businessweek\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2006-12-14T03:23:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mo Ming\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdt\" \/>\n<meta name=\"twitter:site\" content=\"@cdt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mo Ming\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2006\/12\/open-season-foreign-banks-eye-china-businessweek\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2006\/12\/open-season-foreign-banks-eye-china-businessweek\/\"},\"author\":{\"name\":\"Mo Ming\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/aef0bcd18439f04715fb3dd47b41f2a1\"},\"headline\":\"Open Season: Foreign Banks Eye China &#8211; 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