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Asia-PacificJanuary 2 2008

China smooths the way for foreign banks

Foreign banks have taken advantage of recent deregulation and are setting up locally incorporated subsidiaries. But niggling restrictions remain, writes Michael Imeson.
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What is it?

China relaxed its regulations on foreign-owned banks just over a year ago, giving them almost full access to its banking sector. Around a dozen have been quick to take advantage of these liberalising measures, but minor irritations remain.

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