The Chinese people bank approve establishment of financial holding group.

China’s central bank said on Thursday that it approved the establishment of two financial holding companies in a move to enhance regulations and prevent contagious risks in the financial sector.

The People’s of Bank approved the establishment of China CITIC Financial Holdings and Beijing municipal government-owned Beijing Financial Holdings Group, it said in a statement.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.