Same City Business Networks: New Rules for Commercial Banks

May 02, 2002 | BY

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The People's Bank of China (PBOC) recently issued regulations that partly liberalize the set up of new bank sub-branches and cash points by commercial banks.

By Stephen M. Harner, S.M. Harner and Company,Shanghai

Looking for liberalization and greater access in China's banking market can be a frustrating exercise. And heralded liberalization measures have often masked new, more opaque obstacles.

Against this background we are prepared to give a positive, though still not thoroughly laudatory, read to the new regulations on same city bank sub-offices and "autobanking" centres (ATMs and CDMs

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