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Interpreting the CBIRC’s Initiative to Expedite the Market Opening-up for the Banking and Insurance Industries

The Notice on Further Relaxing Market Access for Foreign-funded Banks allows the managing branch of a qualified oreign-funded bank to authorize other branches in China to engage in RMB business and transact in financial derivatives, and applies a bank-wide consolidated approach to the calculation of operating capital for all domestic branches of a foreign bank.




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