China encourages private investment in banking sector
China will allow private capital to invest in banks on an equal footing to other forms of capital. The move, which in theory will see substantial barriers to PE involvement in the industry, comes as the government opens up certain state-controlled and monopolized sectors in order to boost competition and support economic growth.
Under the new regulations, private capital will be able to participate in private stock placements, new share issues, equity transfers, and mergers and acquisitions concerning banks. This extends to trust,...
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