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China Puts Limits on Foreign Banks, Worrying Businesses New rules, aimed at taming big money flows and possibly controlling the Chinese currency, could give domestic rivals a competitive edge and make international firms more dependent on local lenders. The People’s Bank of China, the country’s central bank, issued the new rules on foreign banks.Credit.Wu Hong/EPA, via Shutterstock April 2, 2021, 5:21 a.m. ET SHANGHAI To defend against accusations by Washington and others that it doesn’t play fair on trade, Beijing could point to the banks. Chinese leaders have been steadily lowering the barriers they had erected around the country’s vast financial system, giving Wall Street and European lenders a greater shot at winning business in the world’s second-largest economy.

China puts limitsForeign banksBanking and financeRenminbi yuanInternational tradeForeign investmentRegulation and deregulationUs foreign policyStocks bondsInternational relationsசீனா வைக்கிறது வரம்புகள்வெளிநாட்டு வங்கிகள்வங்கி மற்றும் நிதிசர்வதேச வர்த்தகம்வெளிநாட்டு முதலீடுஒழுங்குமுறை மற்றும் கட்டுப்பாடு நீக்கம்