UPDATE 1-China to encourage private capital in banking industry

Newswire

(Adds China to support private companies to list) BEIJING, May 27 (Reuters) - China will give private capital the same entry standards to the banking industry as other capital, state media said on Sunday, as the government makes its hardest push in a decade to court private investors by welcoming them into a handful of sectors. Private companies would be allowed to buy into banks through private stock placements, new share subscriptions, equity transfers, and mergers and acquisitions, the ...

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