BEIJING, May 2 -- China expects to further optimize the investment and operation environment for foreign investors in its financial sector with new measures to open the field wider, according to the country's top banking and insurance regulator.
A total of 12 new rules will be released soon on the basis of profound research and evaluation, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC) said Wednesday.
"These measures will also encourage stronger presence of foreign investment in the development of China's financial sector," the CBIRC spokesperson Xiao Yuanqi told Xinhua in an interview.
Detailed rules in regulations for foreign banks and foreign insurance companies have been revised in accordance with the new rules and will soon be released, Xiao said.
The playing field for foreign and domestic companies will be further leveled, said the spokesperson, citing the simultaneous abolishment of upper shareholding limits for a single Chinese-funded bank and a single foreign-funded bank in a Chinese commercial bank, as an example.
At present, the shares of foreign-funded banks and insurance companies' total assets have reached 1.64 percent and 6.36 percent, respectively, in China.
According to the new measures, asset requirement for foreign banks to set up foreign-funded legal person banks or branches will also be removed in a bid to further diversify the structure of banking institutions in China.
"This does not imply a lower standard of supervision, but rather an emphasis on the foreign banks' capability, quality and benefits," said Xiao.
The top regulator also expects to encourage quality firms with latecomer advantages into the Chinese market and increase global conversation and cooperation.
While allowing overseas financial institutions to hold stakes in foreign-funded insurance companies operating in China, the regulator also plans to remove requirements for foreign-funded insurance brokerage firms regarding business and total assets.
"We believe that this round of new measures will significantly enhance the openness and marketization of the banking and insurance sectors," Xiao said.
初三英语作文:一个难忘的假期
初三英语作文:怎样保护水资源
初三英语作文:好护士
初三英语作文:关于春节收到礼物的
初三英语作文:My Teacher-我的老师
中考英语作文:通电话
中考英语作文:寄信
中考英语满分作文:我理想的学校
初三英语作文:DO NOT GIVE UP 永不放弃
初三英语作文:我的同桌-My Desk-mate
中考英语满分作文:Computers-电脑
初三英语作文:My friend(我的朋友)
初三英语作文:我的寒假生活
初三英语作文:我的一天
中考英语满分作文:Save the Wild Animals-保护野生动物
中考英语满分作文:My Dream School
初三英语作文:春节英语作文
初三英语作文:有关睡眠不足的
中考英语作文:两件生日礼物(Two Britihday Gifts) 两篇
初三英语作文:中学生是否谈恋爱
初三英语作文:如何学习英语
初中英语作文:议论文写作技巧和范文
初三英语作文:会议室开会通知开会
中考英语满分作文:一个伤心的故事
初三英语作文:To introduce myself
中考英语满分作文:Adjust Our Attit
初三英语作文:Chinese New Year
初三英语作文:关于写老师的英语作文
初三英语作文:关于老师的英语作文
初三英语作文:家乡的变化
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |