China Travel & Tourism News
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Limits remain on bank holdings
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| 21-Oct-2005 - Shenzhen Daily |
China had no plans for now to change a restriction that limits foreign financial institutions from buying stakes in more than two Chinese banks, an official at the country’s banking regulator said Wednesday.
“In the short term, this won’t change,” said Yan Qingmin, director-general of Banking Supervision Department 1 at the China Banking Regulatory Commission, referring to the limit.
Yan was speaking on the sidelines of a conference on China’s capital markets. China also limits a single foreign investor to 20 percent ownership of a Chinese bank.
A number of foreign companies have been buying into Chinese banks seeking access to the country’s fast-growing economy.
Among foreign investments in China’s banking sector, Bank of America Corp. has taken a 9 percent stake in China Construction Bank, while HSBC Holdings owns 19.9 percent of Bank of Communications Co., China’s fifth-largest bank in terms of assets, as well as an 8 percent stake in medium-sized Bank of Shanghai.
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| 21-Oct-2005 - Shenzhen Daily |
Main Cities in China Travel and China Hotels
 Beijing Canton
Shanghai Hong
Kong Qingdao Hangzhou |
Other Major Cities:
Changchun,
Chengdu,
Chongqing,
Dalian,
Dongguan,
Dunhuang,
Foshan,
Guangzhou,
Guilin,
Haikou,
Harbin,
Hainan,
Hangzhou,
Kunming,
Lhasa,
Macau,
Nanjing,
Qingdao,
Sanya,
Shenyang,
Suzhou
Shanghai,
Shenzhen,
Tianjin,
Weihai,
Wenzhou,
Xiamen,
Xi'an,
Yiwu
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Chengdu Hotels,
Chongqing Hotels,
Dalian Hotels,
Foshan Hotels,
GuangZhou Hotels,
Guilin Hotels,
Hangzhou Hotels,
Harbin Hotels,
HongKong Hotels,
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Macau Hotels,
Nanjing Hotels,
Qingdao Hotels,
Sanya Hotels,
Shanghai Hotels,
Shenyang Hotels,
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Urumqi Hotels,
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