Wealth and Asset Management
China picks owners for 5 new private banks
Ten companies including Internet giants Alibaba and Tencent have been picked to invest in China's first five privately owned banks, the industry's chief regulator said Tuesday. The planned banks, part of sweeping reform plans announced last year, will be expected to operate independently and according to market principles, Said Shang…
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Click here to read the full story: Journal Sentinel, Inc.