Fed accused of stalling on Chinese bank licences

Chinese officials have said the Federal Reserve is delaying the approval of banking licences for two of its biggest banks as part of a political ploy.

The Chinese officials told the Financial Times, a newspaper, that the delaying of licences for the Industrial and Commercial Bank of China and China Construction Bank were part of a negotiating strategy in the bilateral Strategic Economic Dialogue that began on Tuesday.

"The US should give a positive sign on the bank licences during the

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: