, Columnists
China Rolls Out a Faded Red Carpet
The country's financial industry doesn't hold the same allure as a decade ago.
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China's laying out the red carpet for foreign banks. This time, few will be rushing in.
The country's top banking regulator, Guo Shuqing, says the market share of overseas lenders is falling and that isn't good for competition. The government plans to ease ownership and business restrictions to make life easier for them.