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BEIJING Erik McCoy Authentic Jersey , Dec. 28 (Xinhua) -- China will further cut red tape to create a better business environment for foreign banks, the country's banking regulator said Thursday.


The China Banking Regulatory Commission (CBRC) will revise rules on administrative licensing for foreign banks to minimize the approval items and unify market entry standards for Chinese and foreign banks, the CBRC said in an online statement.


The CBRC will clarify procedures and application materials for foreign and joint venture banks to invest in domestic banking institutions after a notice issued in March approved such behavior.


In the notice, the CBRC also eased license requirements for foreign and joint-venture banks in services including treasury bond underwriting and financial advising.


Foreign banks will only need to report to authorities after they launch certain services, rather than obtaining approval in advance Alvin Kamara Authentic Jersey , according to the revised rules.


The public has until January 27 next year to give suggestions on the revised rules, the CBRC said.


China has been gradually opening up its financial sector, with authorities pledging to ease caps on foreign ownership in Chinese banks and financial asset management companies.


The CBRC also said earlier that it would broaden the business scope of foreign banks, including easing restrictions on renminbi retail banking for foreign banks.




BRASILIA, Jan. 1 (Xinhua) -- Nine inmates were killed and their bodies were set on fire in a riot on Monday at a prison in Brazil's central state of Goias Marshon Lattimore Authentic Jersey , local authorities said.


Military Police Commander Divino Alves told local media the melee broke out on Monday afternoon between members of rival gangs at the prison in Aparecida de Goiania, the second largest city in the state, and it took officials nearly two hours to restore order.


The Executive Superintendence of Prison Management said in a statement that inmates in section C of the prison invaded section B, and started a fire.


Firefighters were called in to battle the flames, and smoke could be seen rising from the facility.


Another 14 inmates were injured in the fighting and they returned to their cells after receiving emergency treatment Tre'Quan Smith Authentic Jersey , according to Brazil's G1 news website.


As many as 106 prisoners took advantage of the mayhem to escape, and officials have captured 29, the report said, adding that "another 127 left the prison due to the confusion, but returned voluntarily after the situation died down."


Officials were searching for the other escapees.


Prison riots are fairly common in Brazil Marcus Davenport Authentic Jersey , where the overpopulation of prisons is a pervasive problem.