Before private investors enter the Chinese banking sector, preparation and ‘major measures’ are required according to Yan Qingmin, assistant chairman of the China Banking Regulatory Commission (CBRC).
While no specific details have been revealed on requirements for investors, Qingmin highlighted certain aspects at a forum on Monday. His main targets were contingency planning and avoiding calling on taxpayers to overcome any financial losses.
Go deeper with GlobalData
Qingmin said: "Shareholders should cover the risks and receive supervision from authorities, while licenses with restrictions should be issued and a contingency plan will be essential to avoid problems"
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
