trending Market Intelligence /marketintelligence/en/news-insights/trending/l81tdxxs3zntw_5pqf7kqw2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Chinese regulator approves opening of 2 privately run banks

State Of Singapore Online Video Subscription

Power Forecast Briefing: Capacity Shortfalls to Test the Renewable Energy Transition

Episode 43 - More Change, M&A On Horizon For Equity Research Industry

Cable Nets Struggle With Little Revenue Growth Expanding Programming Budgets


Chinese regulator approves opening of 2 privately run banks

The China Banking Regulatory Commission has approved the establishment of two privately run banks in Beijing and Nanjing, China, Xinhua News Agency reported Dec. 22.

Suning Commerce Group said it received approval from the regulator to set up a bank in Nanjing. The home appliance retailer will hold a 30% stake in the bank.

Shareholders of Zhongguancun Bank also said they received approval to establish a bank. Beijing Zhongguancun Bank will have registered capital of 4 billion yuan and will be set up by 11 listed companies in six months, the news agency reported.

The two banks will primarily cater to individual clients and micro, small and medium-sized enterprises.

As of Dec. 22, US$1 was equivalent to 6.95 Chinese yuan.