Huang Yi, director of Supervisory Rules & Regulations Department in China Banking Regulatory Commission recently said that the stage of soliciting opinions on Supervising Methods of Bank Holding Shareholders was basically over; the official publication of the Methods were not involving the restrictions on proportion of Chinese-funded banks with foreign shareholder, only defining rights and the responsibility of Shareholders in commercial banks, not involving adjustment on any opening-up policy of the banking sector.
Huang Yi said that the Administration of Equity Investment of Overseas Financial Institutions in Chinese-funded Financial Institutions Procedures issued in 2003 and Article 11 of the Measures of China Banking Regulatory Commission for the Implementation of Administrative Licensing Matters Concerning Chinese-funded Commercial Banks amended on December 28, 2006, which mentioning the proportion of the overseas financial institutions investing in Chinese-funded financial institutions, did not have any change.
He stressed that at the aspect of opening of the banking sector, when establishing related regulations the CBRC would continue to adhere to the approach and guiding principles of depending on our own, gradually controlling the security, competing and cooperating to achieve win-win situation, deeply studying new situations and new problems in banking sector, persisting in implementation of prudent risk supervision, carrying out statutory duties, actively and steadily promoting related work, strengthening comprehensive strength, competitiveness and risk-resistance capability of banking sector, to promote safety and steadiness of the operation in banking sector and achieve sustained and healthy development of the banking industry.
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