On the 28th, China Banking Regulatory Commission has released the draft for soliciting opinions on the revision of the Measures for the Implementation of Administrative Licensing Matters of Foreign-funded Banks of China Banking Regulatory Commission. The first is to increase the provisions on the licensing conditions and procedures for foreign-funded corporate banks to set up and acquire shares in domestic banking financial institutions. The second is eliminating the examination and approval of foreign-funded banks for providing overseas wealth management services on behalf of clients, hosting overseas wealth management services on behalf of clients, and securities investment fund custody; instead the reporting system is to be implemented. The third is to further standardize the market access standards for foreign-funded banks.