FinansWatch

Banker går efter særlig licens i Kina

JPMorgan og Fidelity er blandt flere banker, der forbereder sig på at ansøge om en licens, der giver dem særlige muligheder i Kina (ENG)

JPMorgan and Fidelity are among the overseas banks and asset managers preparing to apply for trust company licences in China as the sector attracts a new wave of foreign investor interest, according to people familiar with their plans.

Regulators in Beijing, concerned by inflationary pressures are leaning on the country’s more heavily regulated commercial banks to curtail credit growth. However, trust companies, which do not take deposits, are more lightly regulated.

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