China Banking Regulatory Commission of foreign banks implementation measures for administrative licensing items

    (September 11, 2014, the China Banking Regulatory Commission in 2014 will be announced come into force on the date of promulgation, 6th) Chapter I General provisions

    First article for specification silver prison will and sent institutions implementation foreign bank administrative license behavior, clear administrative license matters, and conditions, and program and term, protection application people lawful rights and interests of, according to People's Republic of China banking supervision management method, and People's Republic of China commercial banks method, and People's Republic of China administrative license method, and People's Republic of China Foreign Bank Management Ordinance, legal, and administrative regulations and the State about decided, developed this approach. Article II foreign banks included in these measures: the foreign-funded banks and Sino-foreign joint venture banks and branches of foreign banks and foreign Bank representative offices. Foreign-funded banks and Sino-foreign joint venture banks, branches of foreign banks collectively foreign banking institutions.

    Representative Office of a foreign bank is a Bank representative office supervised by the CBRC.

    Article CBRC and its local agencies in accordance with this approach and the China Banking Regulatory Commission for the implementation of administrative licensing procedures regulations, the implementation of administrative licensing to foreign banks.

    Fourth foreign banks the following matters shall be approved by the CBRC and its local agencies administrative license: institutions, institutional change, termination, business scope, the qualifications of Directors and senior management, as well as the laws, administrative rules and regulations and the decisions of other administrative licensing items.

Article fifth prudential requirements in these measures shall at least include the following:

(A) has a good reputation and image;

(B) the good business performance, good asset quality;

(C) management has a good professional quality and management;

(D) have a sound risk management system, effective in controlling various risks;

(E) have a sound internal control system and effective management information systems;

(F) in accordance with prudent accounting principles financial accounting reports, and accounting firms on the financial accounting reports with no reservations;

(VII) no major violation of internal management of these records and led to significant cases;

(H) effective human resources management system, with highly qualified professionals;

(I) management, support to agency activities in China experience and skills;

(J) the effective capital and financial mechanism;

(11) having a sound corporate governance structure;

(12) the laws, administrative regulations and other prudent requirements as specified by the CBRC.

    Subsection (I), (j) and (11) apply only to foreign-owned banks and their shareholders and foreign banks, Sino-foreign joint venture banks and shareholders. The sixth foreign bank name should include the name and foreign name. Branches of foreign banks and the name shall be indicated in a foreign bank Representative Office of the foreign bank of the nationality and form of liability. Nationality is subject to foreign banks registered in, such as the names reflect the nationality of a foreign bank, is not repeated. As foreign banks form for unlimited liability, liability form is omitted part of the name.

    Hong Kong, Macao and Taiwan banks in the Mainland in the area of/name of the Chinese mainland to set up branch agencies only have to indicate the form of liability. The seventh information requested herein, in addition to an annual report, where written in foreign language, shall be accompanied by a Chinese translation.

In Chinese or English text edition of the annual report should be accompanied by a translation in English or Chinese.

    Annual report shall be audited in these measures, together with the applicant's country or region authorized accounting firms audit opinion issued by the.

The eighth information requested herein, if signed by authorized signatory shall be submitted to the authorization of the authorized signatory.

This approach requirements submitted of license copies, and business financial business license file copies, and authorized book, and foreign bank on its in China territory branch bear tax and debt responsibility of guarantee, should by where national or area recognized of institutions notary, and by China standing the country Embassy, and consulates certification, but China business administration organ issued of license copies without notary, and China territory notary institutions issued of notary material without certification.

    The CBRC, as necessary, may require the applicant to submit the application for other information by the host country or regional institutions recognized by the notary, and the Chinese embassies or consulates in the country.

    Chapter II establishment

    Section I establishment of foreign-funded banks and Sino-foreign joint venture Bank

The Nineth proposed to establish wholly foreign-owned banks and Sino-foreign joint venture Bank shall satisfy the following conditions:

(A) in conformity with the People's Republic of China company law, the People's Republic of China on commercial banks and the People's Republic of China foreign bank regulations provisions of the regulations;

(B) the registered capital shall be paid up capital, a minimum of 1 billion yuan, or its equivalent in a freely convertible currency;

(C) meet the qualifications of Directors and senior managers and qualified staff familiar with banking;

(D) have a sound organizational structure and management system;

(E) has the business operations of business premises, safety measures and other facilities;

    (Vi) is commensurate with the business information technology architecture, supporting business of needed information technology systems, security and regulatory compliance, protect it systems and effective technology and measures for safe operation.

Tenth the shareholder of the proposed wholly foreign-funded banks, Sino-foreign joint venture Bank shall satisfy the following conditions:

(A) continuing profitability, in good standing, no major violation records;

(B) an effective anti-money laundering regime, but except for non-financial institutions to shareholders;

(C) the foreign shareholders has experience in international financial activities, subject to effective supervision of the country or region in which the financial supervision authority, and its application for consent of the country or region in which the financial supervision authority;

(D) the prudential requirements provided for in article fifth.

    Of the proposed wholly foreign-funded Bank shareholders, regions or countries where the foreign shareholders of Sino-foreign joint venture Bank shall be good, equipped with a sophisticated system of financial supervision and regulation, and the financial supervision authority has with the CBRC to establish good cooperation on supervision and management mechanism.

11th the shareholder of the proposed wholly foreign-funded Bank shall provide financial institutions, in addition to the conditions provided for in article tenth, of which only or controlling shareholders should also meet the following conditions:

(A) for commercial banks;

(B) has set up a representative office in China for more than 2 years in Hong Kong, Macao and Taiwan banks in the Mainland in the area of representative office/city, has more than 1 year;

(C) the proposed establishment of 1 year prior to the application end of no less than US $ 10 billion in total assets, the Hong Kong and Macao banks established 1 year prior to the application of no less than $ 6 billion in total assets at the end;

    (Iv) capital adequacy in line with national or regional financial supervisory authority and the provisions of the CBRC.

The 12th Sino-foreign joint venture Bank shareholders are proposed in addition to the way conditions provided for in the tenth, in which sole or principal shareholders foreign shareholders and the Chinese side should be for financial institutions, and foreign sole or major shareholders should also meet the following conditions:

(A) for commercial banks;

(B) has set up a representative office in China, Hong Kong and Macao banks do not need to set up a representative office;

(C) the proposed establishment of 1 year prior to the application end of no less than US $ 10 billion in total assets, the Hong Kong and Macao banks established 1 year prior to the application of no less than $ 6 billion in total assets at the end;

    (Iv) capital adequacy in line with national or regional financial supervisory authority and the provisions of the CBRC.

The 13th article of the shareholders referred to in article 12th refers to hold a proposed Chinese-foreign joint venture banks ' total capital or shares 50% per cent of total, or does not hold capital or shares 50% per cent of total commercial bank, one of the following circumstances:

(A) a proposed Chinese-foreign joint venture Bank, more than half of the voting power;

(B) the right to control the financial and operating policies of Sino-foreign joint venture Bank to be established;

(C) the right to appointment and removal of the proposed Chinese-foreign joint venture Bank majority members of the Board of directors or similar authority;

(D) the proposed Sino-foreign joint venture Bank's Board of directors or similar authority over half of voting.

    Sino-foreign joint venture Bank's main shareholders are proposed should be proposed Chinese-foreign joint venture Bank into the scope of tables.

14th under any of the following circumstances, it may not be the shareholder of the proposed wholly foreign-funded banks, Sino-foreign joint venture Bank:

(A) corporate governance structure and mechanisms has obvious flaws;

(B) the equity complex or less;

(C) the associated enterprises, related party transactions frequently or exceptions;

(D) core business is not prominent or business covering the industry too much;

(E) cash flow fluctuations greatly influenced by economic environment;

(F) ratio of assets and liabilities, financial leverage ratio is higher than the industry average;

(G) the generation of foreign-funded banks, Sino-foreign joint venture bank owned by others;

    (VIII) other circumstances that have a significant adverse impact on the proposed Bank.

    15th to set up foreign-funded banks, Sino-foreign joint venture Bank is divided into preparation and opened in two stages.

16th to build applications for foreign-funded banks, Sino-foreign joint venture Bank, location of the proposed branch banking regulatory Bureau receives and, the China Banking Regulatory Commission review and decision in the first instance.

Apply for establishing foreign-funded banks, Sino-foreign joint venture Bank, the applicant shall submit to the proposed local banking regulatory Bureau application, with a copy to the proposed place of institutions of the CBRC. Place of proposed banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 6 months from the date of receiving the complete application documents, the decision whether or not to grant, and notify the applicant in writing. Decided not to grant, and shall state the reasons.

    Under special circumstances, the CBRC may extend the review period, and notify the applicant in writing, but the extension period shall not exceed 3 months.

Section 17th for establishing foreign-funded banks, Sino-foreign joint venture Bank, the applicant shall submit to the local banking regulatory Bureau to be established the following application materials (in duplicate), with a copy to the proposed place of institutions of the CBRC (a):

(A) each shareholder, Chairman or President (CEO, General Manager) signed by Chairman of the China Banking Regulatory Commission to build applications, includes the proposed organization's name, location, registered capital, types of applications to operate a business, the name and proportion of shareholders;

(B) feasibility study should at least cover the applicant's basic situation and the prospects of the proposed branch of the market analysis, business planning, organization and management structure, 3 years after opening balance sheets and profit and loss forecasts, and business related information system, data center and network construction plan;

(C) of the draft statute of the proposed branch;

(D) the proposed branch joint venture contract, signed by the shareholders, but except for the shareholders of foreign-owned banks;

(E) the proposed regulation of the institutions ' shareholders;

(F) the proposed establishment of institutions ' shareholders and the Group's organization chart, list of major shareholders, overseas subsidiaries and associated companies;

(VII) the shareholder of the proposed Branch annual reports of the last 3 years;

(VIII) the shareholder of the proposed mechanism anti-money-laundering regime, Chinese partner for non-financial institutions, not to provide anti-money laundering regime;

(I) the proposed branch signed by the shareholders in China is long-term and continuous operation of the proposed agency letter of commitment to the implementation of effective management;

(J) the country or region where the proposed branch to foreign shareholders issued by the financial supervision authority of the business license or financial business license copy of the document and the submission of its application;

(11) the establishment of foreign-funded banks and Sino-foreign joint venture Bank for the first time, and country or region in which the financial system shall be submitted to the foreign shareholders and the summaries of the financial regulation;

    (12) other information required by the CBRC. 18th applicant shall from the date it received planning approval to proposed in the 15th place opened to receive the application form of the CBRC, started work.

Preparing 6 months from the date on which the period is allowed to prepare. Applicant is not completed within 6 months of preparatory work should be under construction before the expiry of 1 month to the proposed place of report of the CBRC.

Build an extension for a maximum period of 3 months.

    The applicant shall submit applications for approval before the expiry of the period prescribed in the preceding paragraph, overdue, failure of planning approval documents. 19th foreign-funded banks, Sino-foreign joint venture Bank to be established after the preparatory work is complete, should apply to the local banking regulatory Bureau to be established acceptance. Upon acceptance, can apply for the opening.

Applications for foreign-funded banks and Sino-foreign joint venture banks, location of the proposed branch banking regulatory Bureau receives and, the China Banking Regulatory Commission review and decision in the first instance.

Proposed wholly foreign-funded banks, Sino-foreign joint venture Bank applications for a licence should be submitted to the local banking regulatory Bureau to be established for information, with a copy to the proposed place of institutions of the CBRC. Place of proposed banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 2 months from the date of receiving the complete application documents, to approve or disapprove the opening decision and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

20th proposed wholly foreign-funded banks, Sino-foreign joint venture Bank for opening and open acceptance of submissions should be submitted together with the following application materials submitted where the proposed branch of CBRC (a duplicate), with a copy to the proposed place of institutions of the CBRC (a):

(A) preparatory group head signed of to silver prison will President of opened application book, content including intends set institutions of name, and residence, and registered capital, and business range, and the shareholders and holding proportion, and intends any Chairman and President (CEO, and General Manager) of name,; and intends set foreign owned bank, and Sino-foreign joint venture Bank in same city has representative at of, should while application close representative at;

(B) the opening application form;

(C) the Chairman, to be appointed President (CEO, General Manager) required for the qualification approval of relevant information;

(D) the pre-commissioning audit and capital verification certificate issued by a statutory capital verification organization;

(E) the proposed branch organizational chart, job descriptions, internal authorization and reporting lines;

(F) the proposed name list, resumes and training records;

(G) the proposed branch of the draft statute and established by law in China issued by the law firm of legal opinions on the draft statute;

(H) place of security, fire-fighting equipment and qualified certificates or copies of relevant certificates;

(I) the proof of ownership of the business premises, use right certificate or a copy of the lease contract;

    (J) other documents required by the CBRC.

21st solely foreign-funded banks, Sino-foreign joint venture Bank shall on receipt of the approval documents and receive a financial license after the opening, to register with the Administrative Department for industry and commerce to obtain business licenses. Foreign-funded banks, Sino-foreign joint venture Bank shall, within 6 months from the date of business license business. Failed to open on schedule, should be opened before the expiration of 1 month to a foreign-owned bank or Chinese-foreign joint venture Bank institutions of the CBRC report.

Open extension of the maximum period of 3 months.

    Foreign-funded banks, Sino-foreign joint venture Bank is not opened within the period prescribed in the preceding paragraph, opening failure of approval documents, opened by the cancellation of the CBRC permission to recover its financial licenses, and make an announcement.

    Section II restructuring of foreign bank branches into solely foreign-funded banks

    22nd foreign banks for the restructuring of its branch in China as a wholly foreign-funded Bank funded by the separate, shall comply with the conditions for the establishment of wholly foreign-owned banks in these measures, commitments in China is long-term sustainable and effective management of the proposed wholly foreign-funded Bank.

    23rd foreign bank branches in China by its conversion to wholly foreign-funded Bank funded by the separate, divided into restructuring to build and opened in two stages.

24th foreign bank branches in China by its conversion to wholly foreign-funded Bank funded by the separate applications, location of the proposed branch banking regulatory Bureau receives and, the China Banking Regulatory Commission review and decision in the first instance.

Restructured applications to build solely foreign-funded Bank, the applicant shall submit to the proposed local banking regulatory Bureau restructured to build applications, with a copy to the seat of the branch of a foreign bank in China all institutions of the CBRC. Place of proposed banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 6 months from the date of receiving the complete application documents, to approve or disapprove the reform to build a decision and notify the applicant in writing. Decided not to grant, and shall state the reasons.

    Under special circumstances, the CBRC may extend the review period, and notify the applicant in writing, but the extension period shall not exceed 3 months.

25th restructured applications to build solely foreign-funded Bank, the applicant shall submit to the local banking regulatory Bureau to be established following the restructuring to build applications (a duplicate), with a copy to the seat of the branch of a foreign bank in China all institutions of the CBRC (one copy):

(A) the applicant, Chairman or President (CEO, General Manager) application signed by Chairman of the CBRC, including foreign-funded banks and their branches to be established names, location, registered capital or operating capital, applying for business and other business types; such as apply to increase its registered capital shall clearly indicate intended to increase the amount of the registered capital and currency;

(B) feasibility studies and institutional restructuring plan should at least cover the applicant's basic situation and the prospects of the proposed branch of the market analysis, business planning, organization and management structure, 3 years after opening balance sheets and profit and loss forecasts, and business related information system, data center and network construction plan;

(C) of the draft statute of the proposed branch;

(D) the applicant on the branch restructuring in China as a wholly foreign-funded Bank funded by the separate resolutions of the Board;

(E) the applicant the Chairman or President (CEO, General Manager) signed consent by the proposed wholly foreign-funded Bank inherited the former branch in China credit, debt and tax opinion letter and the original branch in China the reform of the debt commitment letter of joint and several liability, debt and tax;

(F) the applicant the Chairman or President (CEO, General Manager) signed in China is long-term and continuous operation of the proposed wholly foreign-funded bank letter of commitment to the implementation of effective management, including proposed wholly foreign-funded Bank is allowed to use its goodwill, the proposed wholly foreign-funded Bank provides capital, management and technical support;

(VII) 2 years prior to the application of the applicant in all branches in China audited consolidated financial statements;

(VIII) where the applicant countries or regions financial supervisory authorities on the restructuring of its China branch submissions;

(I) the applicant's last 3 years annual report;

    (J) other documents required by the CBRC. 26th the applicant shall within 15th reform planning documents of ratification date of receipt to the place of the proposed wholly foreign-funded Bank to receive applications for approval of the CBRC table, start preparatory work.

Establishment date of the restructuring period is allowed to prepare for 6 months. Applicant is not completed within 6 months of restructuring work, should be under construction before the expiry of 1 month to the location of the proposed wholly foreign-funded Bank institutions of the CBRC report and copy of the original seat of the branch of a foreign bank institutions of the CBRC.

Build an extension for a maximum period of 3 months.

    The applicant shall submit applications for approval before the expiry of the period prescribed in the preceding paragraph, overdue reform failure of planning approval documents. The 27th after a proposed wholly foreign-funded Bank, complete the preparation, shall apply to the local banking regulatory Bureau to be established acceptance. Upon acceptance, can apply for the opening.

Applications for approval by the proposed place of CBRC accepted and the trial, the China Banking Regulatory Commission review and decision.

From branches of foreign banks in China ' s reform of wholly foreign-owned bank applications for a licence shall submit to the local banking regulatory Bureau to be established applications, with a copy to the original location of the branch of a foreign bank institutions of the CBRC. Place of proposed banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 2 months from the date of receiving the complete application documents, to approve or disapprove the opening decision and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

28th from branches of foreign banks in China ' s reform of foreign-owned banks for opening, open acceptance of submissions should be submitted together with the following application materials submitted where the proposed branch of CBRC (a duplicate), with a copy to the original location of the branch of a foreign bank institutions of the CBRC (one copy):

(A) signed by the head of the Organizing Committee President of the China Banking Regulatory Commission opened applications, including foreign-funded banks and their branches to be established names, residence or business address, registered capital and its affiliates operating funds, types of applications to operate a business, the Chairman, to be appointed President (CEO, General Manager) and branch manager's name;

(B) to be transferred to the proposed wholly foreign-funded Bank's assets, liabilities and owner's equity listing, and simulations of the proposed wholly foreign-funded bank balance sheets, profit and loss statement and the table showing the five-category loan classification and loan loss reserve amounts;

(C) description of nearing completion;

(D) concerning the transfer of the contract legal opinions issued by the law firm, without transfer of conditions of contract should be legal comments on the Bank's emergency;

(E) the pre-commissioning audit and capital verification certificate issued by a statutory capital verification organization;

(F) the regulation of the proposed wholly foreign-funded bank draft, and legally established in China issued by the law firm of legal opinions on the draft statute;

(G) the applicant the Chairman or President (CEO, General Manager) signed in China is long-term and continuous operation of the proposed wholly foreign-funded bank letter of commitment to the implementation of effective management, including proposed wholly foreign-funded Bank is allowed to use its goodwill, the proposed wholly foreign-funded Bank provides capital, management and technical support;

(H) the proposed wholly foreign-funded Bank organization charts, job descriptions, internal authorization and reporting lines;

(I) the list of proposed wholly foreign-funded Bank, resumes and training records;

(J) the proposed wholly foreign-funded Bank Chairman and President (CEO, General Manager) and wholly foreign-funded Bank branch manager required for the qualification approval of relevant information;

    (11) other documents required by the CBRC. 29th foreign bank branches in China by its conversion to wholly foreign-funded Bank funded by the separate, shall on receipt of the approval documents after the opening back to the original financial license of a foreign bank branches, for the new financial license, to register with the Administrative Department for industry and commerce to obtain business licenses.

    Original branch of a foreign bank shall by law to industrial and commercial administration authorities for cancellation of registration. Article 30th by the restructuring of foreign bank branches of foreign-owned banks should be since the date of business license within 6 months of opening. Failed to open on schedule, should be opened before the expiration of 1 month to a wholly foreign-funded Bank institutions of the CBRC report.

Open extension of the maximum period of 3 months.

    Foreign-owned banks are not opened within the period prescribed in the preceding paragraph, opening failure of approval documents, opened by the cancellation of the CBRC permission to recover its financial licenses, and make an announcement.

    Section III branches of foreign banks to set up

31st the establishment of branches of foreign banks, the applicant shall satisfy the following conditions:

(A) continuing profitability, in good standing, no major violation records;

(B) has experience in international financial activities;

(C) have an effective anti-money laundering regime;

(D) effective supervision of the country or region in which the financial supervision authority, and its application for consent of the country or region in which the financial supervision authority;

(E) has set up a representative office in China for more than 2 years, from Hong Kong, Macao or Taiwan region Bank/city, the establishment of representative offices in the Mainland should be more than 1 year;

(F) establishment of assets at the end of the 1 year prior to the application of not less than 20 billion dollars, the Hong Kong and Macao banks set up assets at the end of the 1 year prior to the application of not less than US $ 6 billion;

(VII) capital adequacy in line with national or regional financial supervisory authorities as well as the provisions of the Banking Regulatory Commission;

(VIII) the prudential requirements provided for in article fifth.

Establishment of a branch of a foreign bank, the applicant should be free to branch to be established no less than 200 million yuan renminbi, or equivalent in freely convertible currency working capital;

    Country or region where the proposed establishment of branches of foreign banks should be good, equipped with a sophisticated system of financial supervision and regulation, and the financial supervision authority has with the CBRC to establish good cooperation on supervision and management mechanism.

    Article 32nd branch of a foreign bank in China added, in addition shall meet the conditions provided for in article 31st of this approach, which has set up a branch in China, should run in good condition, the main regulatory indicators to meet regulatory requirements and compliance with prudential requirements prescribed by the CBRC.

    33rd the establishment of foreign bank branches into construction and opened in two stages.

Article 34th to build applications for foreign bank branches, location of the proposed branch banking regulatory Bureau receives and, the China Banking Regulatory Commission review and decision in the first instance.

Apply for establishing branches of foreign banks, the applicant shall submit to the proposed local banking regulatory Bureau application, with a copy to the proposed place of institutions of the CBRC. Place of proposed banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 6 months from the date of receiving the complete application documents, the decision whether or not to grant, and notify the applicant in writing. Decided not to grant, and shall state the reasons.

    Under special circumstances, the CBRC may extend the review period, and notify the applicant in writing, but the extension period shall not exceed 3 months.

Section 35th for establishing branches of foreign banks, the applicant shall provide the local banking regulatory Bureau to be established shall submit the following application materials (in duplicate), with a copy to the proposed place of institutions of the CBRC (a):

(A) the applicant, Chairman or President (CEO, General Manager) signed by the President of the China Banking Regulatory Commission to build the application, including the proposed branch's name, location, types of applications for working capital, to operate a business;

(B) the feasibility study report, including the applicant's basic situation and market prospect analysis of proposed branch, business development planning, organization and management structure, 3 years after opening balance sheets and profit and loss forecast;

(C) the statutes of the applicant;

(D) the applicant and the Group's organization chart, list of major shareholders, overseas subsidiaries and associated companies;

(V) the applicant last 3 years annual report;

(F) the applicant's anti-money laundering regime;

(VII) the applicant issued by the financial supervision authority of the country or region in which business license or financial business license copy of the document and the submission of its application;

(H) the establishment of branches of foreign banks for the first time, and country or region where the applicant shall be submitted to the financial system and for a summary of financial regulation;

    (IX) other documents required by the CBRC. 36th applicant shall from the date it received planning approval to proposed in the 15th place opened to receive the application form of the CBRC, started work.

Preparing 6 months from the date on which the period is allowed to prepare. Applicant is not completed within 6 months of preparatory work should be under construction before the expiry of 1 month to the proposed place of report of the CBRC.

Build an extension for a maximum period of 3 months. The applicant shall submit applications for approval before the expiry of the period prescribed in the preceding paragraph.

    Overdue, failure of planning approval documents. 37th after you complete the preparation of the proposed foreign bank branch, shall apply to the local banking regulatory Bureau to be established acceptance. Upon acceptance, can apply for the opening.

Applications for approval of foreign bank branches, location of the proposed branch banking regulatory Bureau receives and, the China Banking Regulatory Commission review and decision in the first instance.

Foreign bank branches are proposed applications for a licence should be submitted to the local banking regulatory Bureau to be established application, with a copy to the proposed place of institutions of the CBRC. Place of proposed banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 2 months from the date of receiving the complete application documents, to approve or disapprove the opening decision and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

38th branch of a foreign bank is proposed to apply for the opening, open acceptance of submissions should be submitted together with the following application materials submitted where the proposed branch of CBRC (a duplicate), with a copy to the proposed place of institutions of the CBRC (a):

(A) signed by the head of the Organizing Committee President applications for approval of the Banking Regulatory Commission, includes the proposed branch's name, business address, working capital, business scope, proposed names of Governors; the proposed branches representative offices in the same city, should apply to both close the representative office;

(B) the opening application form;

(C) the proposed foreign bank branch manager required for the qualification approval of relevant information;

(D) the pre-commissioning audit and capital verification certificate issued by a statutory capital verification organization;

(E) intends to set up a branch of a foreign bank liable for tax, debt obligation bond;

(F) the proposed branch organizational chart, job descriptions, internal authorization and reporting lines;

(G) the proposed branch names, resumes and training records;

(H) place of security, fire-fighting equipment and qualified certificates or copies of relevant certificates;

(I) the proof of ownership of the business premises, use right certificate or copy of lease contracts;

    (J) other documents required by the CBRC.

39th a foreign bank branch shall on receipt of the approval documents and receive a financial license after the opening, to register with the Administrative Department for industry and commerce to obtain business licenses. Branch of a foreign bank shall, within 6 months from the date of business license business. Failed to open on schedule, should be opened before the expiration of 1 month to the local bodies of the CBRC report.

Open extension of the maximum period of 3 months.

    Branch of a foreign bank is not opened within the period prescribed in the preceding paragraph, opening failure of approval documents, opened by the cancellation of the CBRC permission to recover its financial licenses, and make an announcement. The fourth section under branches of foreign-funded banks and Sino-foreign joint venture banks established
    40th under branches of foreign-funded banks and Sino-foreign joint venture banks, subject to the following conditions:

(A) unpaid allocate not less than RMB 100 million or equivalent in freely convertible currency, as the proposed branch operational funds; sum allocated to branches working capital, 60% of the total shall not exceed the total capital;

(B) main monitoring indicators to meet regulatory requirements;

    (C) the prudential requirements prescribed by the CBRC.

    41st establishing branches of foreign-funded banks, Sino-foreign joint venture bank branches is divided into preparation and opened in two stages.

42nd establishing branches of foreign-funded banks, Sino-foreign joint venture Bank branch applications, location of the proposed branch banking regulatory Bureau receives and, the China Banking Regulatory Commission review and decision in the first instance.

Apply for establishing branches of foreign-funded banks, Sino-foreign joint venture bank branches, the applicant shall submit to the local banking regulatory Bureau to be established for information, with a copy to the proposed place of institutions of the CBRC. Place of proposed banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 6 months from the date of receiving the complete application documents, the decision whether or not to grant, and notify the applicant in writing. Decided not to grant, and shall state the reasons.

    Under special circumstances, the CBRC may extend the review period, and notify the applicant in writing, but the extension period shall not exceed 3 months.

Section 43rd for establishing branches of foreign-funded banks, Sino-foreign joint venture bank branches, the applicant shall provide the local banking regulatory Bureau to be established shall submit the following application materials (in duplicate), with a copy to the proposed place of institutions of the CBRC (a):

(A) the applicant, Chairman or President (CEO, General Manager) signed by the President of the China Banking Regulatory Commission to build the application, including the proposed branch's name, location, types of applications for working capital, to operate a business;

(B) the feasibility study report, including the applicant's basic situation and market prospect analysis of proposed branch, business development planning, organization and management structure, 3 years after opening balance sheets and profit and loss forecast;

(C) the statutes of the applicant;

(D) annual report of the applicant;

(E) the applicant's anti-money laundering regime;

(Vi) a photocopy of the applicant;

(VII) the applicant agreed to set up a branch of the resolutions of the Board;

    (H) other information required by the CBRC. 44th the applicant shall from the date it received planning approval to proposed in the 15th place opened to receive the application form of the CBRC, started work.

Preparing 6 months from the date on which the period is allowed to prepare. Applicant is not completed within 6 months of preparatory work should be under construction before the expiry of 1 month to the proposed place of report of the CBRC.

Build an extension for a maximum period of 3 months.

    The applicant shall submit applications for approval before the expiry of the period prescribed in the preceding paragraph, overdue, failure of planning approval documents. Article 45th proposed wholly foreign-funded Bank branch, Sino-foreign joint venture Bank branch after you complete the preparation, shall apply to the local banking regulatory Bureau to be established acceptance. Upon acceptance, can apply for the opening.

Opening of branches of foreign-funded banks, Sino-foreign joint venture Bank branch applications, location of the proposed branch banking regulatory Bureau receives and, the China Banking Regulatory Commission review and decision in the first instance.

Proposed establishment of branches of foreign-funded banks, Sino-foreign joint venture Bank branch applications for a licence shall submit to the local banking regulatory Bureau to be established applications, with a copy to the proposed place of institutions of the CBRC. Place of proposed banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 2 months from the date of receiving the complete application documents, to approve or disapprove the opening decision and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

Article 46th proposed opening branches of foreign-funded banks, Sino-foreign joint venture Bank branch applications, open acceptance of submissions should be submitted together with the following application materials submitted where the proposed branch of CBRC (a duplicate), with a copy to the proposed place of institutions of the CBRC (a):

(A) signed by the head of the Organizing Committee President applications for approval of the Banking Regulatory Commission, includes the proposed branch's name, business address, working capital, business scope, names of Governors to be appointed;

(B) the opening application form;

(C) the Branch Manager qualification approval needed to be appointed for related information;

(D) the pre-commissioning audit and capital verification certificate issued by a statutory capital verification organization;

(E) the place of security, fire-fighting equipment and qualified certificates or copies of relevant certificates;

(F) the proposed branch organizational chart, job descriptions, internal authorization and reporting lines;

(G) the proposed name list, resumes and training records;

(H) proof of ownership of the business premises, use right certificate or a copy of the lease contract;

    (IX) other documents required by the CBRC.

47th wholly foreign-owned bank branches, Sino-foreign joint venture Bank branch shall on receipt of the approval documents and receive a financial license after the opening, to register with the Administrative Department for industry and commerce to obtain business licenses. Foreign-owned banks, Sino-foreign joint venture Bank branch shall, within 6 months from the date of business license business. Failed to open on schedule, should be opened before the expiration of 1 month to the local bodies of the CBRC report.

Open extension of the maximum period of 3 months.

    Foreign-owned banks, Sino-foreign joint venture bank branches is not opened within the period prescribed in the preceding paragraph, opening failure of approval documents, opened by the cancellation of the CBRC permission to recover its financial licenses, and make an announcement.

    The fifth branch set up 48th establishment branch, an applicant shall be arranged in the cities where the proposed branch of the same administrative division branch or branches above institutions.

Same refers to the host cities and administrative divisions under the administrative division of the city. Hong Kong and Macao banks to set up branches in Guangdong province can apply for off-site branch established in Guangdong Province. Hong Kong and Macao banks in the Mainland to set up wholly foreign-owned banks to set up branches in Guangdong province may apply for remote branch established in Guangdong Province.

    Remote branch means branch branches established in branches in different cities.

49th established branches, the applicant shall satisfy the following conditions:

(A) the official business for 1 year or more, good asset quality; in Hong Kong and Macao regions Bank branch in Guangdong province or Hong Kong and Macao banks in the Mainland to set up wholly foreign-owned banks operating in Guangdong Province officially more than 1 year, good asset quality;

(Ii) has strong of internal control capacity, recently 1 years no major illegal violations behavior and for internal management problem led to of major case; Hong Kong, and Macau area of Bank in Guangdong Province within branch or Hong Kong, and Macau area of Bank in mainland established of foreign owned bank in Guangdong Province within branch has strong of internal control capacity, recently 1 years no major illegal violations behavior and for internal management problem led to of major case;

(C) has the ability to allocate operating funds;

(D) has been established for senior management personnel assessment, monitoring, authorization and adjustment system and mechanism, and has sufficient professional and management personnel;

    (E) other prudent requirements as specified by the CBRC.

    The 50th establishment branch, divided into preparation and opened in two stages.

51st branch in preparation of applications, and location of the proposed branch banking regulatory Bureau or authorized agencies of the CBRC to accept, review and decision.

Applications to build branches, the applicant shall, where the proposed branch banking office or the authorized bodies of the CBRC to build applications. Where the proposed branch banking regulatory Bureau or authorized agencies of the CBRC shall, within 3 months from the date of receiving the complete application documents approval or not approval of the decision and notify the applicant in writing, with a copy to the CBRC and the proposed place of institutions of the CBRC.

    Decided not to grant, and shall state the reasons.

52nd applied for Planning Branch, the applicant shall provide the local banking regulatory Commission to be established or authorized agencies of the CBRC to submit the following application materials (in duplicate):

(A) signed by the applicant's authorized signature to proposed local banking regulatory Bureau or authorized head of the CBRC's planning application, including name of the branch to be established, location, types of applications for working capital, to operate a business;

(B) the feasibility study report, including the applicant's basic situation and market prospect analysis of proposed branch, business development planning, organization and management structure, 3 years after opening balance sheets and profit and loss forecast;

(C) the applicant last 1 years audited financial statements; banks of Hong Kong and Macao branch in Guangdong province or Hong Kong and Macao banks in the Mainland to set up wholly foreign-owned banks in Guangdong Province branch of the last 1 years audited financial statements;

(D) the proposed branch level management bodies last 1 years management of newly established institutions;

    (V) other documents required by the CBRC. 53rd applicant shall from the date it received planning approval to proposed in the 15th place opened to receive the application form of the CBRC, started work.

Preparing 6 months from the date on which the period is allowed to prepare. Applicant is not completed within 6 months of preparatory work, should be under construction before the expiry of 1 month to the proposed local banking regulatory Bureau or authorized agencies of the CBRC report.

Build an extension for a maximum period of 3 months.

    The applicant shall submit applications for approval before the expiry of the period prescribed in the preceding paragraph, overdue, failure of planning approval documents. 54th branch after you complete the preparation is proposed shall be submitted where the proposed branch banking office or authorized body for acceptance of the CBRC. Upon acceptance, can apply for the opening.

Branch opening applications, location of the proposed branch banking regulatory Bureau or authorized agencies of the CBRC to accept, review and decision.

Proposed branch applications for a licence shall be filed with the proposed local banking regulatory Bureau or authorized to submit applications for information of the CBRC. Where the proposed branch banking regulatory Bureau or authorized agencies of the CBRC shall from the date of receiving the complete application documents in the 30th, to approve or disapprove the opening decision and notify the applicant in writing. With a copy to the CBRC and the proposed place of institutions of the CBRC.

    Decided not to grant, and shall state the reasons.

55th branch is proposed to apply for the opening, open acceptance of submissions should be submitted together with the following application materials submitted where the proposed branch banking regulatory Bureau or authorized agencies of the CBRC (a duplicate):

(A) signed by the head of the Organizing Committee seat caused by the banking regulatory board or as authorized by the head of the CBRC, opening applications, include the proposed branch names, business addresses, working capital, business scope, the branch manager's name to be appointed;

(B) the opening application form;

(C) business to adapt to the size of working capital has been disbursed in place, capital verification certificate issued by a statutory capital verification organization;

(D) the proposed Branch Manager required for the qualification approval information;

(E) the proposed organizational structure of the branch, within each job description, mandate and reporting lines;

(F) list of proposed branch personnel, resumes and training records;

(VII) proof of ownership of the business premises, use right certificate or a copy of the lease contract;

(H) place of security, fire-fighting equipment and qualified certificates or copies of relevant certificates;

    (IX) other documents required by the CBRC.

56th branch shall on receipt of the approval documents and receive a financial license after the opening, to register with the Administrative Department for industry and commerce to obtain business licenses. Branch should be since the date of business license within 6 months of opening. Failed to open on schedule, should be opened before the expiration of 1 month to the local bodies of the CBRC report.

Open extension of the maximum period of 3 months.

    Branch is not opened within the period prescribed in the preceding paragraph, opening failure of approval documents, opened by authorities cancellation of business license and to recover their financial licenses, and make an announcement.

    The sixth Foreign Bank representative office established

57th established a foreign Bank representative office, the applicant shall satisfy the following conditions:

(A) continuing profitability, in good standing, no major violation records;

(B) has experience in international financial activities;

(C) have an effective anti-money laundering regime;

(D) effective supervision of the country or region in which the financial supervision authority, and its application for consent of the country or region in which the financial supervision authority;

(E) the prudential requirements provided for in article fifth.

    Where the proposed representative offices of foreign banks from countries or regions should be good, equipped with a sophisticated system of financial supervision and regulation, and the financial supervision authority has with the CBRC to establish good cooperation on supervision and management mechanism.

Article 58th of foreign banks in China have set up business agencies, apart from the representative office has been set up, and no additional representative offices, but the seat of the representative office to be established in order to comply with national and regional economic development strategies and policies related to the exception.

Additional representative offices in China by foreign banks, except subject to the conditions provided for in this way the 57th, its established institutions in China should be no major violation records.

    Foreign banks in the same city may not at the same time with operational agencies and representative offices.

59th applications for foreign banks to set up representative offices, location of the proposed branch banking regulatory Bureau receives and, the China Banking Regulatory Commission review and decision in the first instance.

Foreign Bank applying for establishing a representative office, shall be submitted to the local banking regulatory Bureau to be established applications, with a copy to the proposed place of institutions of the CBRC. Place of proposed banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 6 months from the date of receiving the complete application documents, the decision to approve or disapprove the establishment of, and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

60th applying for establishing a representative office of a foreign bank, the applicant shall submit to the local banking regulatory Bureau to be established the following application materials (in duplicate), with a copy to the proposed place of institutions of the CBRC (a):

(A) the applicant, Chairman or President (CEO, General Manager) application signed by Chairman of the CBRC, including the proposed representative office name, location, name of the Chief Representative to be appointed;

(B) Representative Office application form;

(C) the feasibility study report, including the applicant's basic situation, the objective and plans of the proposed Representative Office;

(D) the statutes of the applicant;

(E) the applicant and the Group's organization chart, list of major shareholders, overseas subsidiaries and associated companies;

(Vi) the applicant last 3 years annual report;

(G) the applicant's anti-money laundering regime;

(VIII) the applicant issued by the financial supervision authority of the country or region in which business license or financial business license copy of the document and the submission of its application;

(I) the Chief qualification approval needed to be appointed for related information;

(J) to set up a representative office for the first time, the applicant shall submit issued by banking institutions registered in China and proof of the foreign bank has established agent bank relations, financial systems, as well as the applicant's country or region and the summaries of the financial regulation;

    (11) other documents required by the CBRC.

61st approved the establishment of representative offices of foreign banks, should present the document to the administrative authorities for industry and commerce registration, receiving the registration certificate. Representative Office of a foreign bank since the approval of the China Banking Regulatory Commission to set up within 6 months from the date of moving into a fixed office space.

Move into fixed work place should be to the local bodies of the CBRC shall submit the relevant material.

    Representative Office of a foreign bank is not relocated to the Office within the time limit specified in the preceding paragraph, the CBRC approval document of failure.

    Chapter III institutional change

    Section changes its registered capital or working capital

62nd foreign-funded banks and Sino-foreign joint venture Bank changes its registered capital, branches of foreign banks to apply for change of working capital, subject to the following conditions:

(A) the foreign-funded banks, Sino-foreign joint venture banks and shareholders and their shareholders and foreign bank's Board of directors by resolution change;

    (B) where the foreign-funded banks, Sino-foreign joint venture Bank shareholders foreign shareholders from countries or regions financial authorities agreed to its application.

The 63rd foreign-funded banks and Sino-foreign joint venture Bank changes its registered capital, foreign bank branches change applications for working capital, the local banking regulatory Bureau receives and, the China Banking Regulatory Commission review and decision in the first instance.

Foreign-funded banks and Sino-foreign joint venture Bank changes its registered capital, branches of foreign banks to apply for change of working capital, should submit their applications to the local banking regulatory Bureau information, copied to where bodies of the CBRC. Home Banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 3 months from the date of receiving the complete application documents, make a decision to approve or not approve the change, and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

64th foreign-funded banks and Sino-foreign joint venture Bank changes its registered capital, branches of foreign banks to apply for change of working capital, you should submit the following application materials to the local banking regulatory Bureau (a duplicate), with a copy to institutions of the CBRC, where (a):

(A) the applicant, Chairman or President (CEO, General Manager) application signed by Chairman of the CBRC, apply to offshore funds to increase its registered capital or operating capital, shall state the source of renminbi funds;

(B) a feasibility study, including alteration of the registered capital or working capital business development planning, funding, impact on the main regulatory measures;

(C) resolutions of the Board of the applicant and its shareholders about the changes its registered capital, the resolutions of the Board of the branch of a foreign bank about changes to working capital;

(D) the applicant shareholders and foreign banks should submit national submissions on changes or financial regulatory authorities, Sino-foreign joint venture bank Chinese shareholders is not required for non-financial institutions;

    (V) other documents required by the CBRC.

    65th foreign-funded banks, Sino-foreign joint venture banks are allowed to change the registered capital, foreign bank branches allowed to change working capital shall be from the date of approval from the CBRC made a decision in the 30th to the local bodies of the CBRC to submit capital verification certificate issued by a statutory capital verification organization.

    Section II shareholders

The 66th foreign-funded banks and Sino-foreign joint venture Bank shareholders or adjust the shareholding ratio of the application, the local banking regulatory Bureau receives and, the China Banking Regulatory Commission review and decision in the first instance.

The shareholders mentioned in the preceding paragraph shall include the transfer of shareholder equity, shareholders changed its name as well as another shareholder cases identified by the CBRC.

Foreign-funded banks, Sino-foreign joint venture Bank shareholders, proposed transferee or successor shall comply with the conditions provided for in article tenth of this approach to the 14th.

Exceptional circumstances, upon approval of the CBRC, the changes this way shareholders could not apply the 11th article (b) and 12th (b) provisions.

Foreign-funded banks, Sino-foreign joint venture Bank to apply for a change of shareholders or adjust the ownership structure, applications shall be submitted to the local banking regulatory Bureau, with a copy to where bodies of the CBRC. Home Banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 3 months from the date of receiving the complete application documents, make a decision to approve or not approve the change, and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

67th foreign-funded banks, Sino-foreign joint venture Bank to apply for a change of shareholders or adjust the shareholder shall submit the following application materials to the local banking regulatory Bureau (a duplicate), with a copy to institutions of the CBRC, where (a):

(A) the applicant, Chairman or President (CEO, General Manager) application signed by Chairman of the China Banking Regulatory Commission;

(B) Board resolution on the change of the applicant;

(C) the shareholders of the applicant, the proposed transferee or by succession on changes of Board resolution;

(D) the shareholders of the applicant, the proposed transferee or successor is a financial institution, country or region in which the financial supervision authority shall be submitted on the changes from the

(E) the ownership transfer of applicant and the proposed transferee or succession signed transfer (change) Protocol;

(Vi) the shareholders and the proposed transferee or successor parties signed joint venture contracts, but except for the shareholders of foreign-owned banks;

(Seven) intends by let party or inherited party of articles, and organization structure figure, and main shareholders list, and overseas branch institutions and associated enterprise list, and recently 3 years annual report, and anti-money-laundering system, and where national or area financial regulatory authorities issued of license or business financial business license file of copies, Sino-foreign joint venture Bank intends by let China shareholders for non-financial institutions of, without submitted anti-money-laundering system;

(H) the proposed transferee or successor as foreign shareholders, should be submitted to the country or region in which the financial system and for a summary of financial regulation;

    (IX) other documents required by the CBRC.

    68th foreign-funded banks, Sino-foreign joint venture banks being allowed to change or adjust the shareholding ratio of the shareholders shall be from the date of approval from the CBRC made a decision in the 30th, submission to the CBRC issued by a statutory capital verification organization certificate of capital verification and related transaction documents and copied where bodies of the CBRC.

69th foreign-funded banks, Sino-foreign joint venture Bank change organization, merger, Division should be consistent with the People's Republic of China law, and of the People's Republic of China on commercial banks and other legal provisions, administrative regulations and rules, and to the following conditions:

(A) foreign-owned banks and their shareholders, Sino-foreign joint venture banks and their shareholders the Board of directors by resolution change;

(B) application for change have country or region in which the financial supervision authority of the shareholders agree;

(C) the foreign-funded banks, Sino-foreign joint venture Bank changes has been the development of specific programmes.

    Foreign-funded banks, Sino-foreign joint venture Bank shareholders merger, Division, change, the foreign-funded banks, Sino-foreign joint venture Bank shall, according to the CBRC called for adjustments.

70th foreign-funded banks, Sino-foreign joint venture Bank change organization, merger or Division of the application, accepted by the CBRC, review and decision.

Foreign-funded banks, Sino-foreign joint venture Bank to apply for a change of organization, merger, Division, an application shall be submitted to the CBRC data. The CBRC shall, within 3 months from the date of receiving the complete application documents, make a decision to approve or not approve the change, and notify the applicant in writing.

    Decided not to grant, and shall state the reasons. 71st foreign-funded banks, Sino-foreign joint venture banks merge: merger and consolidation.

Merge subject to merge the preparation and merge the opening two stages.

Merger, merger parties shall, in accordance with changing conditions and material preparatory and merged for the merge request submitted to the CBRC opening application is absorbed in its sole discretion to terminate, shall, in accordance with the termination of conditions and material requirements for submitting applications to the China Banking Regulatory Commission; absorbed changes for Branch Office shall, in accordance with established criteria and material requirements for submitting applications to the China Banking Regulatory Commission.

    Merger by new establishment, new Parties shall, in accordance with established criteria and material preparatory and merged for the merge request submitted to the CBRC opened applications for original foreign-funded banks, Sino-foreign joint venture Bank shall, in accordance with the termination of conditions and material requirements for submitting applications to the China Banking Regulatory Commission. 72nd foreign-funded banks, Sino-foreign joint venture Bank Division is divided into divisions and the existence of new Division.

Separation of discrete subject preparation and separation of the opening two stages.

Separation of existence, neither party shall, in accordance with changing conditions and material requirements submitted to the CBRC split opening preparation and separation of the application; the new party should be in accordance with the established conditions and material requirements for submitting applications to the China Banking Regulatory Commission.

    The new Division, new party shall, in accordance with established criteria and material requirements submitted to the CBRC split opening preparation and separation of the application; the original dissolution of foreign-funded banks, Sino-foreign joint venture Bank shall, in accordance with conditions and material requirements for submitting applications to the China Banking Regulatory Commission.

73rd foreign-funded banks, Sino-foreign joint venture Bank to apply for a change of organization, merger, Division, except as shall, in accordance with the article 71st, 72nd, submit application materials, to the CBRC should also submit the following application materials (in duplicate):

(A) the applicant, Chairman or President (CEO, General Manager) application signed by Chairman of the China Banking Regulatory Commission;

(B) changes on organization, merger and Division of schemes;

(C) resolutions of the Board of the applicant and its shareholders about the changes;

(D) the shareholders of the applicant shall submit national submissions on changes or financial regulatory authorities, Sino-foreign joint venture bank Chinese shareholders is not required for non-financial institutions;

(E) the applicant shareholders signed the merger, separation agreements, joint venture contracts; shareholders of the applicant's articles of Association, organization charts, list of Board of Directors and a major shareholder, the last year annual report;

(F) change of organization, the draft statutes of the Bank after the merger, Division;

(G) other information required by the CBRC.

    Application and should be about the change of the applicant organization, merger, Division programme of CC, seat of the applicant and its subsidiaries bodies of the CBRC (a copy of).

    Section III revision of articles

74th solely foreign-funded banks, Sino-foreign joint venture Bank shall set out in its Charter change proposed revision of articles within 1 year after application.

    Foreign-funded banks, Sino-foreign joint venture Bank to alter articles related only to name, residence, ownership, registered capital, business scope and the change has been approved by the China Banking Regulatory Commission, without modifying the application of the regulations, but that it should be the CBRC approved a decision to make these changes matter within 6 months from the date of the modified regulations submitted to the CBRC and home banking regulatory Bureau.

The 75th foreign-funded banks, Sino-foreign joint venture Bank to apply for a revision of articles, subject to the following conditions:

(A) foreign-owned banks and their shareholders, Sino-foreign joint venture banks and their shareholders Board of Directors resolution by modifying the articles of Association;

    (B) legally established in China's law firm had legal opinions on the draft regulation.

76th foreign-funded banks and Sino-foreign joint venture banks to modify the application of the regulation, the local banking regulatory Bureau to receive and trial, China Banking Regulatory Commission review and decision.

Foreign-funded banks, Sino-foreign joint venture Bank to apply for a revision of articles, applications shall be submitted to the local banking regulatory Bureau, with a copy to where bodies of the CBRC. Home Banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 3 months from the date of receiving the complete application documents, to approve or disapprove the decision to amend the Constitution, and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

77th foreign-funded banks, Sino-foreign joint venture Bank to apply for a revision of articles, you should submit the following application materials to the local banking regulatory Bureau (a duplicate), with a copy to institutions of the CBRC, where (a):

(A) the applicant, Chairman or President (CEO, General Manager) application signed by Chairman of the China Banking Regulatory Commission;

(B) the resolutions on amendments to the articles of association the Board of Directors of the applicant;

(C) shareholders ' resolutions on amendments to the articles of association the Board of Directors of the applicant;

(D) the applicant's original draft regulations and the new regulations;

(E) the draft regulations with new regulations change the CRT;

(Vi) legally established in China issued by the law firm of legal opinions on the draft new Constitution;

    (G) other information required by the CBRC.

    Fourth Festival changes its name

78th application to change name of the foreign-funded banks in China, subject to the following conditions:

(A) the changes have been approved by the financial supervision authority the applicant's country or region;

(B) the applicant has been issued by the financial supervision authority within the country or region of new business licenses or license file is engaged in financial business;

(C) the applicant has undertaken to bear the tax and debt obligations of its branch in China.

    This section (a), (b) shall not apply to foreign banks ' name does not change, only apply to change its name in China.

79th agencies in China by foreign banks change names of applications accepted by the CBRC, review and decision.

Application to change name of the foreign-funded banks in China, should submit their applications from foreign banks to the CBRC data copied to foreign-funded banks in China located bodies of the CBRC. The CBRC shall, within 3 months from the date of receiving the complete application documents, make a decision to approve or not approve the change, and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

80th article foreign owned bank shareholders, and Sino-foreign joint venture Bank shareholders, and foreign bank for merged, and Division, and restructuring, reasons application change its in China territory institutions name, should in merged, and Division, and restructuring, change matters occurred 5th within, to silver prison will and the foreign bank in China territory institutions location silver prison will sent institutions report, and Yu 30th within will following application information submitted silver prison will (a type two copies), while CC location silver prison will sent institutions (a copies):

(A) the applicant, Chairman or President (CEO, General Manager) application signed by Chairman of the China Banking Regulatory Commission;

(B) change of name application form;

(C) the foreign-funded banks, Sino-foreign joint venture Bank shareholders, of the shareholders of foreign bank regulation;

(D) foreign-funded banks, Sino-foreign joint venture Bank shareholders shareholders, foreign bank's organization chart, list of Board of Directors and major shareholders;

(E) foreign bank Chairman of the Board or President (CEO, General Manager) signed to its branch in China to bear tax, debt obligations of guarantee;

(F) foreign-funded banks, Sino-foreign joint venture Bank shareholders shareholders, the consolidated financial statements of the foreign bank; (G) foreign-funded banks, Sino-foreign joint venture Bank shareholders shareholders, foreign banks the country or the financial supervision authority of changes of ratification and application submissions;
(H) the foreign-funded banks, Sino-foreign joint venture Bank shareholders, foreign shareholders after the Bank changed its name, country or region in which business license issued by the financial supervision authority a copy of financial business or license file copy;

    (IX) other documents required by the CBRC.

81st article foreign owned bank shareholders, and Sino-foreign joint venture Bank shareholders, and foreign bank for other reasons application change in China territory institutions name of, should in change matters occurred 5th within, to silver prison will and the foreign bank in China territory institutions location silver prison will sent institutions report, and Yu 30th within will following application information submitted silver prison will (a type two copies), while cc foreign bank in China territory institutions location silver prison will sent institutions (a copies):

(A) the applicant, Chairman or President (CEO, General Manager) application signed by Chairman of the China Banking Regulatory Commission;

(B) the foreign-funded banks, Sino-foreign joint venture Bank shareholders, of the shareholders of foreign bank renamed the country or area business license issued by the financial supervision authority a copy of financial business or license file copy;

(C) the foreign-funded banks, Sino-foreign joint venture Bank shareholders shareholders, foreign banks the country or the financial supervision authority of changes of ratification or submissions;

(D) other documents required by the CBRC.

Subsection (b), (c), shall not apply to foreign banks ' name does not change, just change the name in China.

    The CBRC authorized foreign bank branch where bodies of the CBRC to accept, review and decisions resulting from the change of business premises of foreign bank branch changes its name to apply.

    Fifth section within the city changes its domicile or office space

82nd foreign-funded banks and Sino-foreign joint venture Bank changes in city residence, representatives of foreign banks in the same application change its office location within the city, the local agency of the CBRC accepted, reviewed and decided.

Foreign-funded banks and Sino-foreign joint venture Bank to apply for a change in city shelters, Foreign Bank representative office change its office location in the city, should submit their applications to the local bodies of the CBRC data. Where institutions of the CBRC shall, within 3 months from the date of receiving the complete application documents, make a decision to approve or not approve the change, and notify the applicant in writing, and step by step reported to the CBRC.

    Decided not to grant, and shall state the reasons.

83rd foreign-funded banks and Sino-foreign joint venture Bank changes in city residence, representatives of foreign banks in a change of office space within the city, should be sent to the local banking regulatory agencies submit the following application materials (in duplicate):

(A) signed by the applicant's authorized signature to head of the CBRC, where applications;

(B) to be relocated to the residence or workplace of proof of ownership, proof of use or copy of lease contracts;

(C) to be moved into home security, fire protection certificates or copies of relevant certificates;

    (D) other documents required by the CBRC.

    84th article due to the adjustment of administrative division and other causes of administrative divisions, street, house number, change the actual position does not change, foreign banks do not need to change residence or Office applications, but it should be on the 15th after the change to the local bodies of the CBRC, foreign-funded banks, Sino-foreign joint venture Bank shall renew their financial licenses.

    The fourth chapter termination

    Dissolution of the first solely foreign-funded banks, Sino-foreign joint venture Bank to

85th foreign-funded banks, Sino-foreign joint venture Bank shall have any of the following circumstances, upon approval of the CBRC their dissolution:

(A) expiration of the operating period under the statute or any other causes for dissolution prescribed by the articles;

(B) the shareholders of a resolution for dissolution;

    (C) due to a merger or Division to be dissolved.

86th foreign-funded banks and Sino-foreign joint venture Bank to apply for a dissolution, shall satisfy the following conditions:

(A) foreign-owned banks and their shareholders, Board resolution of the Sino-foreign joint venture banks and their shareholders through dissolution;

(B) the foreign-funded banks, Sino-foreign joint venture Bank shareholders foreign shareholders are national or regional financial supervisory authority has agreed to its application;

    (C) persons with effective disposals, debt settlement, resettlement programmes.

87th foreign-funded banks and Sino-foreign joint venture banks ' applications for dissolution, the local banking regulatory Bureau receives and, the China Banking Regulatory Commission review and decision in the first instance.

Foreign-funded banks and Sino-foreign joint venture Bank to apply for a dissolution, shall submit an application to the local banking regulatory Bureau information, copied to where bodies of the CBRC. Home Banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 3 months from the date of receiving the complete application documents, to approve or disapprove the decision to disband, and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

88th foreign-funded banks and Sino-foreign joint venture Bank to apply for a dissolution, shall prior to the termination of business activities to the local banking regulatory Bureau to submit the following application materials (in duplicate), with a copy to institutions of the CBRC, where (a):

(A) the applicant, Chairman or President (CEO, General Manager) application signed by Chairman of the China Banking Regulatory Commission;

(B) the resolution on dissolution of the Board of Directors of the applicant;

(C) each shareholder of the applicant on solely foreign-funded banks, Sino-foreign joint venture Bank disband the Directorate resolution;

(D) foreign-funded banks, Sino-foreign joint venture Bank shareholders foreign shareholders are national or regional financial supervisory authority concerning the dissolution of the Agency representation;

(E) on solely foreign-funded banks and Sino-foreign joint venture banks after the dissolution of disposals, debt settlement, staffing plans, and is responsible for the staff list and contact details of follow-up matters;

    (F) other information required by the CBRC.

    Section II bankruptcy

    89th foreign-funded banks and Sino-foreign joint venture banks due to dissolution and liquidation, the liquidation Group found the Agency's property is insufficient to pay off debts, or being unable to pay its debts, voluntary or request of the its creditors filed for bankruptcy, before filing for bankruptcy to the Court, an application shall be submitted to the CBRC.

90th applications for foreign-funded banks and Sino-foreign joint venture Bank, the local banking regulatory Bureau receives and, the China Banking Regulatory Commission review and decision in the first instance.

Foreign-funded banks, Sino-foreign joint venture Bank filed for bankruptcy, applications shall be submitted to the local banking regulatory Bureau, with a copy to where bodies of the CBRC. Home Banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 3 months from the date of receiving the complete application documents, to approve or disapprove the bankruptcy decision and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

The 91st foreign-funded banks, Sino-foreign joint venture Bank to file for bankruptcy, you should submit the following application materials to the local banking regulatory Bureau (a duplicate), with a copy to institutions of the CBRC, where (a):

(A) the applicant, Chairman or President (CEO, General Manager) application signed by Chairman of the China Banking Regulatory Commission;

(B) Board resolution on insolvency of the applicant;

(C) each shareholder on solely foreign-funded banks and Sino-foreign joint venture Bank Board resolution;

(D) foreign-funded banks, Sino-foreign joint venture Bank shareholders foreign shareholders are countries or regions financial supervision authority with regard to submission of bankruptcy;

    (V) other documents required by the CBRC.

    Section III branch closed

92nd foreign-funded banks and Sino-foreign joint venture banks and branches of foreign banks closed, subject to the following conditions:

(A) the applicant Board resolutions by the closing of branches;

(B) the foreign country or region where the closure of bank branches have financial regulators agree;

    (C) persons with effective disposals, debt settlement, resettlement programmes.

93rd foreign-funded banks and Sino-foreign joint venture banks, branches of foreign banks closing applications, intended to close the local banking regulatory Bureau receives and, the China Banking Regulatory Commission review and decision in the first instance.

Foreign-funded banks and Sino-foreign joint venture banks and branches of foreign banks closed, shall submit to the CBRC intends to close the place of application, copied to be close the place of institutions of the CBRC. Intends to close the local banking regulatory Bureau shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 3 months from the date of receiving the complete application documents, to approve or disapprove the decision to close, and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

94th foreign-funded banks and Sino-foreign joint venture banks and branches of foreign banks closed, shall, on the termination of business activities to be closed before local banking regulatory Bureau to submit the following application materials (in duplicate), copied to be close the place of institutions of the CBRC (a):

(A) the applicant, Chairman or President (CEO, General Manager) application signed by Chairman of the China Banking Regulatory Commission;

(B) resolution of the Board of the applicant on the closing of branches;

(C) the country or region where the foreign bank's financial supervision authorities ' submissions on the application;

(Iv) regarding the proposed disposition of assets of closed institutions, debt repayment, staffing plans and is responsible for the staff list and contact details of follow-up matters;

    (V) other documents required by the CBRC.

95th approved foreign bank branches close all applications for debt settlement after the extraction of interest-bearing assets, closed by the authorized foreign bank branches located bodies of the CBRC, examine and decide.

Application for extraction of interest-bearing assets, the applicant shall provide the approved foreign bank branch is located close to submit applications for information of the CBRC. Where institutions of the CBRC shall, within 1 month from the date of receiving the complete application documents, to approve or disapprove the decision and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

96th approved closing the branches of foreign banks to apply for extraction of interest-bearing assets, should be sent to the local banking regulatory agencies submit the following application materials:

(A) signed by the head of the liquidation application;

(B) report on the liquidation;

    (C) other information required by the CBRC.

    Fourth branch of closed and open an Office in the same city

97th foreign banks closing branches and a representative office in the same city in China application, intended to close the local banking regulatory Bureau receives and, the China Banking Regulatory Commission review and decision in the first instance.

Foreign banks closed branches in China and applied for a representative office in the same city, shall submit to the CBRC intends to close the place of application, copied to be close the place of institutions of the CBRC. Intends to close the local banking regulatory Bureau shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 3 months from the date of receiving the complete application documents, to approve or disapprove the decision and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

98th foreign bank for closing branches and a representative office in the same city in China shall meet the conditions set forth in the 57th, 92nd in these measures and shall, on the termination of business activities the following application materials submitted to be shut down before local banking regulatory Bureau (a duplicate), copied to be close the place of institutions of the CBRC (a):

(A) the applicant, Chairman or President (CEO, General Manager) application signed by Chairman of the China Banking Regulatory Commission;

(B) applicants on the closing of branches and a representative office in the same city of resolutions of the Board;

(C) the country or region where the foreign bank's financial supervision authorities ' submissions on the application;

(D) intends to close the branch disposals, debt settlement, placement plans and is responsible for the staff list and contact details of follow-up matters;

(E) the Chief qualification approval needed to be appointed for related information;

    (F) other information required by the CBRC.

    Fifth branch closed

The 99th foreign-funded banks and Sino-foreign joint venture banks and foreign banks for closing branches, subject to the following conditions:

(A) the applicant Board resolutions by closing branches;

    (B) persons with effective disposals, debt settlement, resettlement programmes.

100th foreign-funded banks and Sino-foreign joint venture Bank, foreign bank closing branch applications, closed by a proposed local banking regulatory Bureau or authorized agencies of the CBRC to accept, review and decision.

Foreign-funded banks and Sino-foreign joint venture banks and foreign banks for closing branches, shall be closed to the intended place of banking regulatory Bureau or authorized to submit applications for information of the CBRC, copied to be close the place of institutions of the CBRC. Intends to close local banking regulatory Bureau or authorized agencies of the CBRC shall, within 3 months from the date of receiving the complete application documents, to approve or disapprove the decision to close, and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

101th foreign-funded banks and Sino-foreign joint venture banks and foreign banks for closing branches, shall, on the termination of business activities the following application materials submitted to be shut down before local banking regulatory Bureau or authorized agencies of the CBRC (a duplicate):

(A) signed by the applicant's authorized signature seat caused by banking regulatory Bureau or authorized agency Director of the CBRC's application;

(B) the applicant to close the branch Directorate resolution;

(C) intends to close the branch disposals, debt settlement, placement plans and is responsible for the staff list and contact details of follow-up matters;

    (D) other documents required by the CBRC.

    The sixth foreign bank offices closed

The 102th applications close the representative office of a foreign bank, subject to the following conditions:

(A) Board resolution by closing the Office of the applicant;

(B) the financial supervision authority the applicant's country or region has agreed to its application;

    (C) have a valid closure programme and staffing plan.

103th applications close the representative office of a foreign bank, intends to close the local banking regulatory Bureau receives and, the China Banking Regulatory Commission review and decision in the first instance.

Applications for foreign banks to close the representative office shall be closed to the intended place of banking regulatory Bureau to submit the application materials, and at the same time send a copy to be close the place of institutions of the CBRC. Intends to close the local banking regulatory Bureau shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 3 months from the date of receiving the complete application documents, to approve or disapprove the decision to close, and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

104th foreign bank closed representative offices following application materials should be submitted to the proposed closing local banking regulatory Bureau (a duplicate), copied to be close the place of institutions of the CBRC (a):

(A) the applicant, Chairman or President (CEO, General Manager) application signed by Chairman of the CBRC, under special circumstances, the application can be signed by authorized signatories;

(B) resolutions of the Board of the applicant to close the representative office;

(C) representative office closure programme, personnel placement planning and is responsible for the staff list and contact details of follow-up matters;

    (D) other documents required by the CBRC.

    The fifth chapter business

    The first section opening RMB business

    105th request RMB business by foreign banks operating authority is divided into initial application to operate RMB business and apply for expanding the scope of RMB business service objects both.

The 106th foreign banking institutions applying for RMB business for the first time, subject to the following conditions:

(A) opening in China for more than 3 years prior to the application, and 2 years of continuous profits prior to the application, which is located in the Central, West and northeast of the foreign bank branch profitability index merge check the branch in China;

(B) the Hong Kong, Macao or Taiwan banks in the Mainland in the area of continental/commercial agency/city, opened in the Mainland for more than 2 years prior to the application, and profit 1 year prior to the application;

(Three) Hong Kong, and Macau area of Bank in mainland business sex institutions application business on in mainland of Hong Kong funding enterprise, and o funding enterprise of Yuan business, proposed application Qian in mainland opened 1 years above, and proposed application Qian 1 years profit; Taiwan area of Bank in city business sex institutions application business on in city of Taiwan-funded enterprise of Yuan business, proposed application Qian in city opened 1 years above, and proposed application Qian 1 years profit;

(D) the Hong Kong, Macao or Taiwan banks in the Mainland in the area of continental/branch profitability indicators/City in the Mainland in accordance with branch consolidation assessment;

(E) other prudent requirements as specified by the CBRC.

    Their individual contributions on the restructuring of foreign bank branches of foreign-owned banks, the period of time specified in the preceding paragraph from the date on which the foreign bank branches to set up.

107th already approved to operate RMB business by foreign banks of commercial institutions expand the scope of RMB business services shall meet the prudential requirements prescribed by the CBRC.

    Foreign-funded banks, Sino-foreign joint venture banks engaged in RMB business for Chinese residents, except subject to the provisions of the CBRC, prudential requirements, should also conform to the characteristics and needs of business development business outlets.

108th foreign banking institutions to operate RMB business or expand the scope of RMB business services application from foreign banks operating local banking regulatory Bureau receives and, the China Banking Regulatory Commission review and decision in the first instance.

Foreign banking institutions operating RMB business or apply for expanding the scope of RMB business services, applications shall be submitted to the local banking regulatory Bureau, with a copy to where bodies of the CBRC. Home Banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 3 months from the date of receiving the complete application documents, to approve or disapprove the decision and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

109th applications for RMB business, or expand the scope of RMB business service object, the applicant shall submit the following application materials to the local banking regulatory Bureau (a duplicate), with a copy to institutions of the CBRC, where (a):

(A) the applicant, Chairman or President (CEO, General Manager) application signed by Chairman of the China Banking Regulatory Commission;

(B) feasibility studies;

(C) the proposed business of the internal control system and operating rules; (Four) as application day of Qian 2 years by audit of financial accounting report; set in Central, and West and northeast of foreign bank branch, submitted as application recently 2 years of by audit of in China territory branch merged financial accounting report; Hong Kong, and Macau or Taiwan Bank in mainland/city established of foreign owned bank, and Sino-foreign joint venture Bank, submitted as application recently 1 years by audit of financial accounting report; Hong Kong, and Macau or Taiwan Bank in mainland/city branch,

Application submitted before 1 year mainland/city branches audited consolidated financial statements.

    (V) other documents required by the CBRC. 110th foreign banking institutions operating for the first time the Yuan business or object of renminbi business services range from customer besides the Chinese residents should be extended to citizens of China, should be prepared.

4 months from the date of the preparatory period is allowed.

    Foreign-funded banking institutions cannot be completed within 4 months of preparations, the CBRC original files expire automatically. 111th wholly foreign-owned bank branches, Sino-foreign joint venture Bank branch at its head office within the business scope authorized to conduct RMB business. Before the operations, Head Office should be on the RMB business of authorized books and send home bodies of the CBRC, and preparations.

Preparatory period of 4 months.

    Foreign-owned banks, Sino-foreign joint venture Bank Branch issued by the local bodies of the CBRC's acceptance of submissions to the CBRC received confirmation of the RMB business, and to the administrative organ for industry and commerce business license change.

    The second issue of debt and capital instruments

The 112th foreign-funded banks, Sino-foreign joint venture Bank for focusing on issuing approval of the CBRC's debt, capital, subject to the following conditions:

(A) having a sound corporate governance structure;

(B) the main prudential measures comply with the regulatory requirements;

(C) the classification of loan risk results are true and correct;

(D) the last 3 years no serious violations and major cases due to internal management issues;

    (E) other prudent requirements as specified by the CBRC.

113th foreign-funded banks, Sino-foreign joint venture bank issuing approval of the CBRC's debt, capital replenishment tools application, the local banking regulatory Bureau receives and, the China Banking Regulatory Commission review and decision in the first instance. Foreign-funded banks, Sino-foreign joint venture Bank for issuing approval of the CBRC's debt, capital, the applicant shall submit an application to the local banking regulatory Bureau information.

Home Banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 3 months from the date of receiving the complete application documents, to approve or disapprove the decision of the issue of debt and capital instruments, and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

114th solely foreign-funded banks, Sino-foreign joint venture Bank for issuing approval of the CBRC's debt, capital replenishment tool, you should submit the following application materials to the local banking regulatory Bureau (a duplicate):

(A) the applicant, Chairman or President (CEO, General Manager) application signed by Chairman of the China Banking Regulatory Commission;

(B) feasibility studies;

(C) supplementary issuance of debt, capital registration form;

(D) the applicant Board resolutions on the issue of debt and capital instruments;

(V) the applicant shareholders Board of Directors resolutions on the issue of debt and capital instruments;

(F) the last 3 years audited financial statements of the applicant;

(G) the prospectus;

(H) the release or prospectus;

(I) the applicant with regard to the period of debt repayment plans and safeguards special report;

(J) financial bonds issued by a credit rating agency credit-rating reports and instructions on keep track of rating arrangements;

(11) within the territory of China shall be a legal opinion issued by a law firm;

    (12) other information required by the CBRC.

    Section III opening derivatives trading business

115th foreign banking institution qualification of initiation of dealings of derivative products are divided into the following two categories:

(A) basic qualifications: only engaged in hedging derivatives trading;

    (B) the General qualifications: in addition to basic qualifications may engage in derivative transactions can also engage in non-hedging derivatives trading.

116th foreign banking institution to the application Foundation classes derivatives trading business, shall meet the following conditions:

(A) have sound derivatives trading risk management systems and internal control systems;

(Ii) has accept related derivative products trading skills specifically training half above, and engaged in derivative products or related trading 2 years above of trading personnel at least 2 name, related risk management personnel at least 1 name, risk model research personnel or risk analysis personnel at least 1 name, familiar sets period accounting operation program and system specification of personnel at least 1 name, above personnel should designed gang hand, mutual shall not who, and no bad records;

(C) appropriate trade premises and equipment;

(D) dealing with legal Affairs and professional departments responsible for internal control compliance checks and related professionals;

(E) the main prudential measures comply with the regulatory requirements;

    (Vi) other prudent requirements as specified by the CBRC.

117th foreign banking institutions to apply for establishing general derivatives trading business, in addition to the conditions stipulated in this article 116th shall also satisfy the following conditions:

(A) has a sound derivatives trading front, middle, automatically joined the business in the background processing system and real-time risk management systems;

(B) the derivatives trading business executives should have at least 5 years directly involved in derivatives trading activities or risk management experience, and has no adverse record;

(C) with a strict separation of business system, ensure that the business of hedging and non-hedging business marketing information, risk management, effective separation of profit and loss accounting;

(D) with a sound market risk, operational risk, credit risk, risk management framework;

    (E) other prudent requirements as specified by the CBRC.

118th foreign bank branches to the application to run derivatives trading business, from their headquarters (or regional headquarters) duly authorized by their home country should have the legal framework to regulate the derivatives trading business, its home country supervisory authorities should have appropriate supervision. Branches of foreign banks to apply for opening derivatives trading business, when they do not have the conditions laid down in article 116th and 117th, from their headquarters (or regional headquarters) subject to the above conditions.

While the branch also shall satisfy the following conditions:

(A) from their headquarters (or regional headquarters) for the branch to engage in derivatives trading and other aspects of formal authority should be traded and limits expressly provided;

    (B) except as expressly provided in head office, all the derivatives trading through the branch on the authorization of the head office (regional headquarters) disc system in real time, from their headquarters (or regional headquarters) unified disc, open management and risk control.

Business 119th foreign banks apply body initiation of dealings of derivative products, home banking regulatory Bureau by the applicant inadmissible and the trial, the China Banking Regulatory Commission review and decision.

Foreign-funded banking institutions to apply for opening derivatives trading business should be handled by foreign-funded banks, Sino-foreign joint venture banks and foreign bank branches (management) submit an application to the local banking regulatory Bureau information. Foreign-funded banks, Sino-foreign joint venture banks and foreign bank branches (management) where banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 3 months from the date of receiving the complete application documents, to approve or disapprove the initiation of dealings of derivative products decision and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

120th foreign banking institutions to apply for opening derivatives trading business, shall apply to foreign-funded banks, Sino-foreign joint venture banks and foreign bank branches (management) where banking Board shall submit the following application materials (in duplicate):

(A) signed by the applicant's authorized signature of applications by the CBRC Chairman;

(B) the feasibility study report and business proposal or business development plan;

(C) derivatives business internal management rules and regulations, including:

1. guiding principles of the derivatives trading business, operating rules (rules should reflect the trade principle of separation of front, middle, back) and emergency plans;

2. new business, new product approval system and processes;

3. trading and risk control systems;

4. the derivative product trading risk model indicators and quantification management index;

5. risk management and internal audit systems;

6. derivative transaction business management system and evaluation system of research and development;

7. the trader code of conduct;

8. trading supervisor responsibility system, supervisors at all levels and traders of accountability and incentive and restraint mechanisms;

9. to the front, middle, back office training plan for managers and staff;

(D) derivative transactions accounting systems;

(E) managers and staff as the main trading and resumes;

(F) derivatives trading risk management systems, including, but not limited to: exposure to quantitative rules or the authorized risk limit management system;

(VII) issued by third-party independent trading premises, equipment and the security and stability of the test report;

(H) other information required by the CBRC.

Branches of foreign banks to apply for opening derivatives trading business, when they do not have conditions in the 116th and 117th these measures, in addition to submitting their headquarters (or regional headquarters) of the above documentation and information, and shall submit the following application materials:

(A) the Foreign Bank headquarters (or regional headquarters) for the branch to engage in derivatives transactions and limits of formal written authorization;

    (B) except as expressly provided in foreign banks, Foreign Bank headquarters (or regional headquarters) issued to ensure that all derivatives trading by the Head Office of the branch (regional headquarters) flat trading systems in real time, from their headquarters (or regional headquarters) is responsible for flat plate, open letter of commitment of the management and risk control.

    Fourth Festival to start credit card business 121th solely foreign-funded banks, Sino-foreign joint venture banks to apply for a credit card business into an application for the card-issuing business and apply for acquiring business.

An applicant shall meet the following requirements:

(A) good corporate governance, the main prudential indicators in line with the relevant provisions of the CBRC, and business development organization and regulation, sound and effective internal control, risk management and accountability mechanisms;

(B) in good standing, with a sound and effective system of internal control mechanisms and prevention and control of cases, no major violations in the last 3 years and major malignant cases; (C) meet the qualifications of Directors and senior managers and qualified staff.

Senior managers should have in the credit card business expertise and management experience at least 1, with credit card business required technicians and management personnel, and full implementation of the management authority;

(D) commensurate with the business's premises, facilities and the necessary information technology resource;

(E) has been established in China in line with laws and regulations and business management requirements of business systems, security-related business information security and quality of technical ability;

(F) to set up foreign currency credit card business should have the qualification of foreign exchange settlement and sale businesses; (VII) other prudent requirements as specified by the CBRC.
    122th foreign-funded banks and Sino-foreign joint venture banks to apply for credit card issuing business, in addition shall meet the conditions provided for in this way the 121th shall also satisfy the following conditions: (A) have a good basis for conducting retail business.

Last 3 years personal deposit and loan business and business structure, stability, and personal lending and deposit business customers and customer structure, banking card business operates well, ID verification system and the credit system and the use of good; (B) the credit card business of professional systems.

In China territory built has issuing business host, and credit card business application management system, and credit assessment management system, and credit card account management system, and credit card trading authorized system, and credit card trading monitoring and counterfeiting trading warning system, and credit card customer service center system, and urged received business management system, professional operation based facilities, related facilities through has necessary of security detection and business test, can guarantees customer information and business data of integrity and security; (C) in line with foreign-funded banks and Sino-foreign joint venture Bank's overall business strategy and development plan to improve overall business competitiveness.

    According to the business development of actual ongoing business costs, basic break-even business monitoring and measurement, and so on.

123th foreign-funded banks and Sino-foreign joint venture banks to apply for a credit card acquiring business, in addition shall meet the conditions provided for in this way the 121th shall also satisfy the following conditions: (A) have offered good basis for acquiring business.

Last 3 years business loan business size and business structure, stability, and lending to business customers and customer structure is relatively stable, ID verification system and credit system, and in good condition; (B) experience in acquiring business professional system.

In China territory built has received single business host, and special merchant application management system, and special merchant credit assessment management system, and special merchant settlement account management system, and account works management system, and received single trading monitoring and counterfeiting trading warning system, and trading authorized system, professional operation based facilities, related facilities through has necessary of security detection and business test, can guarantees customer information and business data of integrity and security; (C) in line with foreign-funded banks and Sino-foreign joint venture Bank's overall business strategy and development plan to improve business competitiveness.

    According to the business development of actual ongoing business costs, basic break-even business monitoring and measurement, and so on.

124th foreign-funded banks and Sino-foreign joint venture bank credit card application, the local banking regulatory Bureau receives and, the China Banking Regulatory Commission review and decision in the first instance.

Foreign-funded banks and Sino-foreign joint venture banks to apply for the credit card business, applications shall be submitted to the local banking regulatory Bureau, with a copy to where bodies of the CBRC. Home Banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 3 months from the date of receiving the complete application documents, to approve or disapprove the decision of launching the credit card business, and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

125th with foreign-funded banks and Sino-foreign joint venture banks to apply for a credit card business, you should submit the following application materials to the local banking regulatory Bureau (a duplicate), with a copy to institutions of the CBRC, where (a):

(A) the applicant, Chairman or President (CEO, General Manager) application signed by Chairman of the China Banking Regulatory Commission;

(B) feasibility studies;

(C) credit card business development plan;

(D) the credit card business management systems;

(V) credit card regulations, should at least cover the credit card name, type, function, use, issue, renewal conditions, the formalities and scope of use (including use restrictions) and usage, credit card account the applicable interest rate and the cardholder fees and charges, credit card issuing banks, card holders and other rights and obligations of the parties concerned;

(F) credit-card-like design or accepted credit card types;

(G) the credit card business operations, facilities, business systems and disaster recovery system;

(H) the associated ID verification system and the credit system and the use of information;

(I) the credit card business systems and disaster recovery system testing and safety assessment reports;

(J) the credit card business contingency plan and a business continuity plan;

(11) construction of credit risk management system and the corresponding rules and regulations;

(12) credit management, segregation of duties, the main charge;

(13) the applicant contact person, contact telephone number, address, fax, email and other contact information;

    (14) other documents required by the CBRC.

    Fifth Festival offering securities investment fund custody business

    126th solely foreign-funded banks, Sino-foreign joint venture Bank for opening securities investment fund custodian business, shall meet the provisions of the custody business of securities investment fund management conditions.

    127th foreign-funded banks, Sino-foreign joint venture Bank for opening securities investment fund custodian business accepted by the securities regulatory authority under the State Council, and banking regulators the securities regulatory authority under the State Council will jointly review and decision.

    128th solely foreign-funded banks, Sino-foreign joint venture Bank for opening securities investment fund custodian business shall be submitted to the securities regulatory authority under the State Council provided for in the hosting business of securities investment fund management application, with a copy to the CBRC.

    Sixth Festival start Valet overseas wealth management business

129th applications from foreign banks of commercial providers offering Valet outside financial services, subject to the following conditions:

(A) have a sound and effective market risk management system;

(B) have a sound internal control system;

(C) has the management skills and experience in overseas investment;

(D) financial services activities within one year prior to the application are not punished by the CBRC and its local agencies;

    (E) other prudent requirements as specified by the CBRC.

130th foreign banking institutions engage in banking business applications by foreign-funded banks, Sino-foreign joint venture banks and foreign bank branches (management) location receive and trial of CBRC, China Banking Regulatory Commission review and decision.

Applications from foreign banks of commercial providers offering Valet outside financial services, should be made by foreign-funded banks, Sino-foreign joint venture banks and foreign bank branches (management) submit an application to the local banking regulatory Bureau information. Home Banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 3 months from the date of receiving the complete application documents, approval or not approval to offer a valet outside financing decisions, and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

131th applications from foreign banks of commercial providers offering Valet overseas financial management services shall be made to the foreign-funded banks, Sino-foreign joint venture banks and foreign bank branches (management) banking regulatory Bureau, where to submit the following application materials (in duplicate):

(A) signed by the applicant's authorized signature of applications by the CBRC Chairman;

(B) the feasibility study report, should at least cover the valet outside the financial services the main strategy, market analysis, management, and operational procedures, risk management and control measures, protection of resources as well as network and personnel planning;

(C) the valet and the introduction of overseas financial management services related to internal control system, should at least cover the financial business management system, foreign exchange investment or transaction management system and other systems required by regulators;

(D) the valet overseas wealth management business-related risks and the introduction of management systems;

(E) draft custody agreement;

    (F) other information required by the CBRC.

    Seventh offer valet outside financial custody business

132th applications from foreign banks of commercial providers offering Valet outside financial custody business, shall meet the following conditions:

(A) has a dedicated Department responsible for hosting business;

(B) full-time personnel familiar with hosting business;

(C) the conditions for safe custody of assets;

(D) with safe and efficient clearing and settlement capability;

(E) no major violation records;

(Vi) other prudent requirements as specified by the CBRC.

    Foreign-funded banks, Sino-foreign joint venture banks have been allowed to operate Securities Investment Fund custody business, you don't want to run financial custody business applications outside the valet, but that it should be opened within 5th after the valet outside financial custody business report to the local banking regulatory Bureau.

133th foreign banking institutions offer valet outside financial custody business applications by foreign-funded banks, Sino-foreign joint venture banks and foreign bank branches (management) location receive and trial of CBRC, China Banking Regulatory Commission review and decision.

Applications from foreign banks of commercial providers offering Valet outside financial custody business, should be made by foreign-funded banks, Sino-foreign joint venture banks and foreign bank branches (management) submit an application to the local banking regulatory Bureau information. Home Banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 3 months from the date of receiving the complete application documents, approval or not approval to offer a valet outside financial custody business decision and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

134th applications from foreign banks of commercial providers offering Valet outside financial custody business shall be made to the foreign-funded banks, Sino-foreign joint venture banks and foreign bank branches (management) banking regulatory Bureau, where to submit the following application materials (in duplicate):

(A) signed by the applicant's authorized signature of applications by the CBRC Chairman;

(B) the feasibility study report and business proposal or business development plan;

(C) the proposed business details and for those engaged in the operation of the necessary preparations, should at least cover operating procedures, risk-benefit analysis, configuration control, professional and computer systems;

(D) the last 1 years audited financial statements of the applicant;

    (V) other documents required by the CBRC.

    Eighth section other business

    135th applications for other foreign banks operating business, refers to an application for the People's Republic of China regulations on the management of foreign banks article 29th (13) and 31st (12) referred to business.

136th foreign banking institutions to apply for the People's Republic of China foreign bank regulation article 29th (13) and 31st (12) referred to business, subject to the following conditions:

(A) business development organizational structure and rules and regulations, internal control systems, risk management and sound and effective accountability mechanisms;

(B) does not conflict with existing laws and regulations;

(C) the main prudential measures meet regulatory requirements;

(D) in line with foreign capital Bank strategy orientation and direction;

(E) adopted by the internal decision-making procedures;

(Vi) operating with the required technical and management personnel, and full implementation of the management authority;

(VII) associated with the business operations of business premises and facilities;

(H) to carry out the business of needed information technology systems, security and regulatory compliance, protect it systems safe operation of effective technologies and measures;

(IX) no major violation of internal management of these records and led to significant cases;

    (J) other prudent requirements as specified by the CBRC.

137th foreign banking institutions of the People's Republic of China foreign bank regulation article 29th (13) and 31st (12) referred to business applications by foreign-funded banks, Sino-foreign joint venture banks and foreign bank branches (management) location receive and trial of CBRC, China Banking Regulatory Commission review and decision.

Foreign-funded banking institutions ' applications for operating the People's Republic of China regulations on the management of foreign banks article 29th (13) and 31st (12) referred to business should be handled by foreign-funded banks, Sino-foreign joint venture banks and foreign bank branches (management) submit an application to the local banking regulatory Bureau information, copied to where bodies of the CBRC. Foreign-funded banks, Sino-foreign joint venture banks and foreign bank branches (management) where banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall, within 3 months from the date of receiving the complete application documents, approval or not approval to proposed business decision and notify the applicant in writing.

    Decided not to grant, and shall state the reasons.

138th article foreign bank business sex institutions application opened People's Republic of China Foreign Bank Management Ordinance 29th article subsection (13) items or 31st article subsection (12) items by refers to of business, should by foreign owned bank, and Sino-foreign joint venture Bank or foreign bank branch (management line) to location silver prison Council submitted following application information (a type two copies), while CC location silver prison will sent institutions (a copies):

(A) signed by the applicant's authorized signature of applications by the CBRC Chairman;

(B) details of the proposed business and feasibility studies;

(C) the proposed business of the internal control system and operating rules;

(D) staffing of the proposed business and business system introduction;

    (V) other documents required by the CBRC.

    The sixth chapter approved qualifications of Directors and senior management

    139th senior managers in these measures refers to the CBRC or qualification approved by the banking regulatory Bureau, where the foreign bank managers.

140th to apply for foreign bank directors and senior managers and Chief Representative be appointed shall have full civil capacity of a natural person, and possess the following basic conditions:

(A) be familiar with and abide by Chinese laws and administrative rules and regulations;

(B) has a good work ethic, integrity, good character and reputation, there is good compliance compliance record, no bad record;

(C) the Bachelor (undergraduate) degree and commensurate with the position of the expertise, experience and organizational management skills; does not have a university degree, there should be a corresponding increase in 6 years finance or 8 years related work experience (of which engaged in financial work for more than 4 years);

(D) independence of the duties required.

    Foreign bank directors, senior management and the Chief regulator or where their qualifications approved by the CBRC cannot perform their duties.

141th persons to be appointed one of the following circumstances shall not act as directors or senior managers of foreign banks and representative:

(A) criminal record of intentional misconduct or gross negligence;

(B) acts that violate the social morality of bad, bad influence;

(C) has served illegal operations-agency activities individual responsibility or a major loss or direct leadership responsibilities, in serious cases;

(D) held or served be taken over, revocation, bankruptcy or revoke business licenses of boards of directors or senior management, but to prove that I have worked in institutions were taken over, revocation, Declaration of bankruptcy or revoked except for individual responsibility is not;

(E) for breach of professional ethics, ethics or grave negligence, resulting in heavy losses or adverse effects;

(Vi) Regulation for instigating, participating in working do not match or case investigation;

(G) the qualifications of Directors and senior managers of the Cancel lifelong, or by regulators or other penalties total more than twice the financial management Department;

(VIII) or their spouses have a relatively large amount of maturing debt and repayment, including but not limited to, the foreign banks ' overdue loans;

(IX) there are other positions to be positions has obvious conflicts of interest, or clearly separated the duties of time and energy;

(J) do not have the qualifications as provided herein, improper means to obtain the qualification approval;

(11) stipulated by laws, administrative regulations, departmental rules shall not hold financial institution directors and senior managers or Chief Representative;

    (12) the CBRC found in other circumstances.

142th article of foreign banking institutions to replace Chairman, President (CEO, General Manager), Chief Representative of Representative Office of a foreign bank to replace, and qualifications of the persons to be appointed without the prior approval of foreign banks should be specified in accordance with the qualifications of the personnel on duty, and since the specified date in the 3rd qualification to audit decisions of authorities. Duties on his behalf does not meet the qualifications of the personnel, regulators can order the period adjustment of foreign banks took the duties of personnel. Duty hours shall not exceed 6 months.

    Employment of foreign-funded Bank shall, within 6 months of personnel officially eligible for qualification. 143th senior management personnel qualifications and did not break serve for 1 year in a row over the person to be appointed within the same legal entity, parallel functions or moved a low position of a similar nature, do not need to reapply for approved qualifications, without filing an original post auditing report.

    People should to be appointed to the proposed location in the after the 5th report of the CBRC.

144th in the following positions of the foreign bank directors, senior managers and Chief Representative in addition shall meet the conditions set out in article 140th, respectively should also meet the following conditions:

(A) served as Chairman, foreign-funded banks and Sino-foreign joint venture Bank shall have more than 8 years financial work or more than 12 years experience in a related economic (financial for more than 5 years);

(B) as foreign-funded banks, Sino-foreign joint venture Bank Vice Chairman, should have at least 5 years financial work or more than 10 years experience in a related economic (financial more than 3 years);

(C) served as President of the foreign-funded banks and Sino-foreign joint venture Bank (CEO, General Manager) and should have at least 8 years financial work or 12 years of related work experience (doing financial work for more than 4 years);

(Four) served as foreign owned bank, and Sino-foreign joint venture Bank Board Secretary, and Deputy President (Deputy General Manager), and President Assistant, and Chief operation officer, and Chief risk control officer, and Chief Financial Officer (Financial Director, and financial head), and Chief Technology Officer (Chief Information Officer), foreign owned bank branch, and Sino-foreign joint venture Bank branch, and foreign bank branch President (General Manager), should has 5 years above financial work or 10 years above related economic work experience (which engaged in financial work 3 years above);

(V) as foreign-funded banks and Sino-foreign joint venture Bank shall have more than 5 years and economic, financial, legal, and finance-related work experience, be able to understand financial statements and statistical reports to determine the Bank's operations, management and risk profile, and understanding of the Bank's corporate governance structure, articles of incorporation, Board responsibilities and the rights and obligations of Directors;

(Vi) as a wholly foreign-funded Bank branch branches, branches of foreign banks, Sino-foreign joint venture Bank Vice President (Vice President), Branch Manager, should have at least 4 years financial work, or more than 6 years related working experience (of which engaged in financial work for more than 2 years);

(VII) as foreign-funded banks, Sino-foreign joint venture Bank head of internal audit and head of compliance should have 4 years of experience in finance;

(VIII) to branches of foreign-funded banks, Sino-foreign joint venture bank branches, branch of a foreign bank compliance Chief, should have at least 3 years financial working experience;

    (IX) as the Chief Representative of a foreign bank, should have at least 3 years financial work, or more than 6 years related working experience (of which engaged in financial work for more than 1 year).

145th article of foreign-funded banks and Sino-foreign joint venture Bank Chairman and President (CEO, General Manager) application for the qualification approval, by the place of proposed banking Board receives and, the China Banking Regulatory Commission review and decision in the first instance.

With the establishment of the initial appointment of wholly foreign-owned bank branches, Sino-foreign joint venture Bank, foreign bank branch manager (CEO), the Chief Representative of a foreign bank's application for the qualification approval, by the place of proposed banking Board receives and, the China Banking Regulatory Commission review and decision in the first instance. Following foreign bank Director and senior management personnel served qualification approved of application, by intends served institutions location silver prison Council accepted, and review and decided: foreign owned bank, and Sino-foreign joint venture Bank Director, and Deputy Chairman, and Board Secretary, and Deputy President (Deputy General Manager), and President Assistant, and Chief operation officer, and Chief risk control officer, and Chief Financial Officer (Financial Director, and financial head), and Chief Technology Officer (Chief Information Officer), and within trial head, and collection rules head; foreign owned bank branch, and Sino-foreign joint venture Bank branch, and

Branch of a foreign bank's Vice President (Vice President), the compliance Director, Branch Manager, and other management decisions or personnel play an important role in risk control.

    Branches of foreign-funded banks, Sino-foreign joint venture bank branches and foreign bank branches to replace President (General Manager), replace the representative qualifications to apply for a foreign Bank representative office, by the China Banking Regulatory Commission approved by the CBRC authorized service location. 146th qualification approved by the CBRC, place of proposed banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. The CBRC shall from the date of receiving the complete application documents in the 30th, making the decision to approve or not to approve and notify the applicant in writing.

Decides not to approve, it shall explain the reasons. Approved by the CBRC proposed place of qualification, where banking Board shall from the date of receiving the complete application documents in the 30th, making the decision to approve or not to approve and notify the applicant in writing.

Decides not to approve, it shall explain the reasons. Appointed by the institutions to establish initial branch President (CEO), Chief Representative of qualifications along with branch opened representative office or an application approved by the China Banking Regulatory Commission. Place of proposed banking Board shall from the date of acceptance of the 20th within the application data together with comments submitted to the CBRC. Branch President served qualification approved of application, by Silver prison will since received full application information of day up 2 months within, with branch opened reply made approved or not approved of decided; representative at Chief served qualification approved of application, by Silver prison will since received full application information of day up 6 months within, with representative at established reply made approved or not approved of decided, and written notification applicants.

    Decides not to approve, it shall explain the reasons.

147th article applies for approval of foreign bank directors, senior management and the Chief qualification, applicants the following application materials should be submitted to the proposed local banking regulatory Bureau (a duplicate), with a copy to the proposed place of institutions of the CBRC (a):

(A) signed by the applicant's authorized signature of applications by the CBRC, which, approved by the China Banking Regulatory Commission and Chairman of the China Banking Regulatory Commission, approved by the banking regulatory Bureau, head of the CBRC to; application shall state the person to be appointed to be appointed positions, duties, powers, and the post's position in the organizational structure of this body;

(B) signed by the applicant's authorized signature authorized by the person to be appointed and the signatory powers of Attorney;

(C) signed by authorized signatories proposed to resume, copy of identity and evidence of qualifications;

(D) proposed to engage in commercial banking and related management experience, detailed description of duties plan;

(E) no adverse record signed by the proposed statement, and after service as a responsible and law-abiding undertaking;

(F) articles of foreign-funded banks, Sino-foreign joint venture Bank shall convene a shareholders meeting or Board of Directors meeting, shall also submit the corresponding resolutions of the Conference;

(G) the person to be appointed to the outgoing audit report (economic responsibility auditing report) or the service agency's duty to evaluate;

(H) proposed in the Bank, the Bank Group and its associated companies in the information note, the duties of other positions;

    (IX) other documents required by the CBRC.

    The seventh chapter by-laws

    148th in this way, the "day" means working days.

    149th in this way "above" all contain the number or level.

    150th from Hong Kong, Macau and Taiwan/mainland banking institutions financial institutions in the Mainland, these measures shall apply mutatis mutandis.

    151th explain these measures by the CBRC. 152th these measures come into force on the date of promulgation, the China Banking Regulatory Commission for the implementation of administrative licensing matters concerning foreign financial institutions policy (China Banking Regulatory Commission, 2006 4th) repealed simultaneously.