On September 11, 2013, the China Banking Regulatory Commission
(the "CBRC") promulgated the
Implementation Measures on Administrative Licensing Items for
Foreign Funded Banks (the "New
Measures"), substituting the Implementation
Measures on Administrative Licensing Items for Foreign Funded
Financial Institutions (the "Old
Measures") promulgated in 2006.
Comparing to the Old Measures, the New Measures have adjusted
relevant provisions in compliance with the Administrative
Regulations on Foreign Funded Banks and the Implementation
Rules of the Administrative Regulations on Foreign Funded
Banks. Since the category of foreign invested finance
companies providing services to the general public is cancelled,
the New Measures removed relevant clauses thereon. In addition, the
New Measures have strengthened its coordination with the
Administrative Measures for the Qualifications of Directors and
Senior Management Personnel of Financial Institutions in the
Banking Sector and
