1. China allows banks into U.K. market
- Author
-
Wu, J.R. and Back, Aaron
- Subjects
China -- International trade ,China -- Economic policy ,Banking industry -- Foreign operations ,Banking industry ,Banking, finance and accounting industries ,Business ,Business, international - Abstract
The China Banking Regulatory Commission will permit Chinese banks to invest client funds in UK mutual funds and the UK stock market per an agreement reached with British financial authorities. The agreement is aimed at gradually expanding China's commercial bank markets and increase international risk control, investment management, and investment opportunities.
- Published
- 2007