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| Xinhua File Photo |
Banking system
Bank doors open to private funds
BEIJING, May 28 (Xinhuanet) -- China announced on Saturday it would grant private capital the same entry standards to the banking industry as other capital, in an effort to shore up an economy that is continuing slowing down and to lend more to small businesses that are thirsty for funds.
Private companies can buy into banks through private stock placements, new share subscriptions, equity transfers, mergers and acquisitions, according to a guideline released by the China Banking Regulatory Commission on its official website. Full story
Banks encouraged to seek private investment
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