July 23, 2019 / 8:45 AM / a month ago

China tightens regulations on ownership of unlisted banks

BEIJING, July 23 (Reuters) - China’s banking and insurance regulator issued guidelines on Tuesday on tightening regulations on ownership of unlisted commercial banks.

All commercial banks must identify their shareholders by end-2021, the China Banking and Insurance Regulatory Commission (CBIRC) said on its website. (Reporting by Beijing Monitoring Desk Editing by Jacqueline Wong)

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