China's top securities regulator is planning to grant investment bank licenses to commercial lenders in an effort to expand banks’ business reach and breed industry behemoths amid mounting competitions from foreign banks , reported several Chinese news outlets including Caixin and The 21st Century Business Herald.
In a pilot scheme, the China Securities Regulatory Commission (CSRC) will grant green light to at least two of China's largest banks to conduct investment banking business, in an efforts . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- DETAILS MATTER - we bring you details that you won't find elsewhere
- THE WIRE - up-to-the-minute updates of market-moving news and views
- DAILY BRIEF - daily newsletter to give you a quick overview of the most important business news every day.
LIMITED-TIME OFFER - 50% OFF
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In