Australian dollar could be traded directly (2)

"We have a uniform standard, threshold and benchmark for all kinds of capital to enter the banking sector," Shang said.

"There is no legal barrier for private capital to enter the banking sector," he said, adding that the CBRC had issued a guideline to encourage private capital investment in the sector.

Private investment accounts for 50 percent of equities in small and medium-sized commercial banks, and as much as 90 percent in financial institutions in rural areas, he said.

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