By Gao Chunkai Tang Siyu King&Wood Mallesons’ Foreign Investment Group
Introduction
The China Banking Regulatory Commission (CBRC) has released a new version of the “Rules for the Implementation of the Administrative Regulations of the People’s Republic of China on Foreign-invested Banks” (“Implementing Rules”), which will take effect on 1 September 2015.
The new Implementing Rules will complement newly revised versions of the Regulations of the People’s Republic of China on the Administration of Foreign-invested Banks and the CBRC’s Rules for the Implementation the Foreign-invested Bank Licensing System. (“Licensing Rules”).
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