Peopleˇ¦s Bank of China looses restriction

Peopleˇ¦s Bank of China looses the regulatory on financial service industries and allows banks to act as agents of trading of securities, insurance and funds management. Currently, domestic banks are prohibited to hold shareholdings in securities brokerages, insurance companies and funds management companies. But the condition would be improved with Chinaˇ¦s WTO entry approaching.

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