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China Encourages Commercial Banks to be Listed
The People's Bank of China, the central bank, actively supports and encourages the country's commercial banks to be listed in the stock market.
The effort will not only help increase capital, but will also reinforce social supervision over the commercial banks, said Dai Xianglong, governor of the People's Bank of China, at the press conference held Wednesday.
The listing of commercial banks requires the restructuring of the share-holding system. The central bank will encourage the commercial banks to apply directly to the China Securities Regulatory Commission for the listing, and this will provide opportunities for all the qualified commercial banks to be listed in the stock market.
The governor noted that all qualified state-owned commercial banks may also conduct the share-holding system restructuring, or try to be listed in the stock markets both at home and abroad.
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