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China allows banks into U.K. market

Authors :
Wu, J.R.
Back, Aaron
Source :
Wall Street Journal. Europe. Dec 18, 2007, A20
Publication Year :
2007

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.

Subjects

Subjects :
China -- International trade
China -- Economic policy
Banking industry -- Foreign operations
Banking industry
Banking, finance and accounting industries
Business
Business, international

Details

Language :
English
ISSN :
09219986
Database :
Gale General OneFile
Journal :
Wall Street Journal. Europe
Publication Type :
News
Accession number :
edsgcl.172553724

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