Zhou: China to reconsider financial service limits

People's Bank of China governor Zhou Xiaochuan told a banking conference in Beijing that China needs to reconsider regulations limiting the range of services banks and other financial institutions can offer.

Zhou told the conference that the legislature had to "take into account the new requirements" of a market economy to allow more room for universal banking services.

He noted that the requirement for commercial banks to set up asset management companies in order to divest bad assets may also

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: