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Foreign investors line up for China financial services play By JIANG XUEQING | China Daily | Updated: 2021-05-06 09:03 Share DBS stake in Shenzhen rural bank signals rising confidence in new round of opening-up Foreign financial institutions, or FFIs, are planning to increase investment in China s commercial banks or exploring new business opportunities in the country, as China has strengthened efforts to further open up its financial sector, industry experts said. Singapore s DBS Group announced recently its subsidiary DBS Bank has received Singaporean and Chinese regulatory approvals to acquire a 13 percent stake in Shenzhen Rural Commercial Bank with 5.29 billion yuan ($815 million). DBS Bank, a multinational banking and financial services corporation, will use funds owned by the bank to buy 1.35 billion new shares of Shenzhen Rural Commercial Bank, abbreviated as SZRCB, at a price of 3.91 yuan per share.

Zeng gangHong kongUnited arab emiratesCity ofUnited kingdomMacau generalPiyush guptaGuangdong hong kongShenzhen rural commercial bankChina merchants bank co ltdCitibank china co ltdNational institution forDeutsche bankJpmorgan asset management asia pacific ltdGuangdong hong kong macao greater bay areaCanada pension plan investment board