China competition rules will help banks consolidate

Author: | Published: 1 Sep 2009

Recent Ministry of Commerce guidelines will help China’s banking sector to consolidate. The guidelines set out a favourable calculation of turnover for financial institutions in M&A.

The guidelines will allow financial institutions greater freedom than other companies to conduct mergers without having to file for approval. This will help domestic consolidation and encourage inbound and outbound mergers in the sector.

"One result of the methodology for...