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PBOC Approved Financial Holding Companies
The People's Bank of China (PBoC) 中国人民银行 is the central bank of the People's Republic of China responsible for carrying out monetary policy and regulation of financial institutions in mainland China, as determined by People's Bank Law and Commercial Bank Law.
Two of China’s leading financial conglomerates have applied with the Chinese central bank for conversion into financial holding companies, amidst a push from authorities for increased adoption of the business form in order to expedite regulatory scrutiny.
In this topic, you will learn:
- who the approved first batch of applications are
- what worth the attention about the companies
- what special arrangement CITIC does for this application
- what CITIC focus on business
- how much the financial assets are the applicants
The key point and your take-away from this case study 'PBOC Approved Financial Holding Companies'. Your learning combines both language skills and market knowledge.
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