Study Evaluation: China and Banks

study evaluation: Specifically, in accordance with the principle of equal national treatment for foreign and domestic investment, China will remove the ownership limits in Chinese commercial banks for both Chinese and foreign banks, according to Global Times China. China will also scrap the total asset requirements of 10 billion and 20 billion for foreign banks to set up foreign-funded banks and subsidiaries, respectively, in China. According to Guo, after conducting in-depth study and evaluation, China will soon issue 12 new opening-up measures to further level the playing field for foreign and domestic companies. The requirement that only or major Chinese shareholders of a Sino-foreign joint-venture bank must be a financial institution will also be lifted. Foreign insurance groups will be permitted to establish insurance companies in China based on the requirements of Chinese-funded insurance groups. Meanwhile, to widen market access to the insurance sector, China will allow overseas financial institutions to become shareholders of foreign-owned insurance companies in China. (news.financializer.com). As reported in the news.