China has added new rules to regulate the banks ownership


The Chinese government has intensified ownership regulations of commercial banks. The regulators tightened a crackdown on financial risk bounded with the recent state takeover of a regional lender. All commercial banks in China will have to define their shareholders by the end of 2021. They also must register the stakeholders by the end of the next year. The new rules approval was speeded up by the irregular and illegal use of bank funds.

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