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Five-year Lock-in Period for Foreign Investors

The China Banking Regulatory Commission (CBRC) announced the lock-in period for overseas strategic investors should be five years. Currently some commercial banks' overseas partners enjoy three years lock-in. The Administration Procedures for Equity Investment of Overseas Financial Institutions in Chinese-funded Financial Institutions issued by the CBRC in 2003 has revised the upper limit of foreign investors' share-holding ratio. Single qualified overseas investors can own up to 20 percent of Chinese-funded banks, and conglomerates of overseas investors up to 25 percent. The CBRC has reiterated that these limits will not be loosened further.

VOL.59 NO.12 December 2010 Advertise on Site Contact Us