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. |