Regulator Reveals Harsher Punishments for Breaking Bank Shareholding Rules
China’s banking regulator has revealed new bank shareholding rules which include toughened-up punishments for violators, including life-time banking investment bans in extreme cases.
The China Banking Regulatory Commission (CBRC) published rules on the ownership of commercial banks on Friday, its latest effort to curb financial risks caused by regulation-dodging major shareholders.
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