Printer Friendly

-Rural commercial banks might find it tougher to list shares.

Global Banking News-September 22, 2011--Rural commercial banks might find it tougher to list shares(C)2011 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 22 September 2011

A proposed change in rules by the Chinese banking regulator is expected to make listing by rural commercial banks in China, tougher.

Reuters said that the China Securities Regulatory Commission (CSRC) has issued a consultation paper on listing requirements for rural commercial banks. It is believed that the requirements would disqualify most rural commercial banks looking for a listing.

Under the proposals, rural commercial banks would need a minimum asset base of CNY70bn if they were to be listed.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))
COPYRIGHT 2011 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Sep 22, 2011
Words:128
Previous Article:-ANZ names head for global natural resources.
Next Article:-Daewoo selects banks to sell stake in insurer.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters