CHINA WOULD REDUCE THE HIERARCHY OF BRANCH INSTITUTION OF BANKS
AsiaInfo Services, April, 2002
AsiaInfo Services 04-30-2002 China Would Reduce the Hierarchy of Branch Institution of Banks CHINA, Apr 30, 2002 (AsiaPort via COMTEX) -- The People's Bank of China unveiled that China-based banks should reduce the hierarchy of branch institutions. The People's Bank of China would not accept the application of commercial bank's branches to setup new branch institutions. In order to meet the demands of supervision and development of Chinese commercial banks after China entering WTO, and to unify and regulate gradually the management of market admittance of foreign and Chinese banks, the People's Bank of China released lately the notice of relating issues on market admittance of China-based commercial banks, and set new regulations on the branch institution augment of...
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