China to experiment with private banks

BEIJING, March 11- China will launch a trial programme for private firms to set up banks, the country’s banking regulator said Tuesday, with Internet giants Tencent and Alibaba reportedly among the first applicants. Most Chinese lenders are state-controlled and banks founded by private companies are extremely rare, while access to lending is a key element […]



from Capital Business http://ift.tt/1lRpmMZ

via IFTTT