News China06 Mar 2020

Moody's:New rules will change business mix of local-level financial holding companies

06 Mar 2020

Proposed new regulations on financial holding companies (FHCs), and the growing role of FHCs owned by Chinese regional and local governments in driving the development and restructuring of China's regional economy, will lead to the financial activities of these FHCs accounting for an increasing share of the companies' total revenue, Moody's Investors Service says in a new report.

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