China has launched a pilot project to establish five banks owned entirely by private companies like Alibaba and Tencent in a decision that illustrates Beijing’s intention to accelerate financial sector reforms.
The new banks will be set up in the cities of Shanghai and Tianjin and in the provinces of Guangdong and Zhejiang, Shang Fulin, the chairman of the China Banking Regulatory Commission, said at a briefing with journalists on Tuesday.
In another sign of Beijing’s commitment to rapid reform, China’s central bank governor said he
您已阅读16%（536字），剩余84%（2769字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。