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	MEASURES OF CHINA BANKING REGULATORY COMMISSION FOR THE IMPLEMENTATION OF ADMINISTRATIVE LICENSING MATTERS CONCERNING CHINESE-FUNDED COMMERCIAL BANKS (2006 REVISION)

	(Order of China Banking Regulatory Commission (No.7 [2006]), December 28, 2006: The Decision of China Banking Regulatory Commission on Amending the Measures of China Banking Regulatory Commission for the Implementation of Administrative Licensing Matters Concerning Chinese-funded Commercial Banks, which were adopted at the 55th chairmen's meeting of China Banking Regulatory Commission on December 28th, 2006, are hereby promulgated and shall come into force as of the date of its promulgation.)


SUBJECT : COMMERCIAL BANKS; CHINESE-FUNDED; ADMINISTRATIVE LICENSING; AMENDMENT
ISSUING DEPARTMENT : CHINA BANKING REGULATORY COMMISSION
ISSUE DATE : 12/28/2006
IMPLEMENT DATE : 12/28/2006
LENGTH : 119 words
TEXT :

China Banking Regulatory Commission decided to amend the Measures of China Banking Regulatory Commission for the Implementation of Administrative Licensing Matters Concerning Chinese-funded Commercial Banks as follows:

"There shall be qualified overseas strategic investors among the promoter-shareholders" stipulated in Item 4 of Article 7 of the Measures of China Banking Regulatory Commission for the Implementation of Administrative Licensing Matters Concerning Chinese-funded Commercial Banks shall be amended as:

"there shall be qualified strategic investors among the promoter-shareholders".

This Decision shall come into force as of the date of its promulgation.

The Measures of China Banking Regulatory Commission for the Implementation of Administrative Licensing Matters Concerning Chinese-funded Commercial Banks shall be amended in accordance with this Decision, and be re-promulgated.