- Question: Can foreign banks in China simultaneously have subsidiaries and branches according to the amended Regulation of the People's Republic of China on the Administration of Foreign-Funded Banks?
- Answer:
The amended Regulation of the People's Republic of China on the Administration of Foreign-Funded Banks relaxes restrictions on foreign banks, allowing them to establish both wholly foreign-owned bank branches and foreign bank branches concurrently in the People's Republic of China. This change aims to better accommodate the practical needs of foreign banks expanding their operations in China.