Get creative: Mastering metrics
First published in the 1LoD Global Benchmarking Survey & Annual Report 2019
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China Banking New Measures for Opening Up
Banking, being a part of financial service industry, has now been fully opened to foreign investment.
China issued 11 new opening-up measures in the financial services industry
Three weeks after China updated the negative lists for foreign investments in the pilot-free trade zones and elsewhere in the country (the Negative Lists), the Office of the Financial Stability and Development Committee under the State Council (国务院金融稳定发展委员会办公室) announced on July 20, 2019, a set of 11 measures aimed at accelerating the opening-up of the country’s financial services market (the 11 Opening-up Measures), which relate to the financial services industry that is under oversight by three regulators, namely the China Banking and Insurance Regulatory Commission (CBIRC), the China Securities Regulatory Commission (CSRC) and the People’s Bank of China (PBOC).
