September 12, 2009

9/12/2009 12:00:00 AM

On September 16, China will put into effect an agreement governing how banks trade domestic derivative products among themselves.  But as a condition of dealing with foreign banks, China's five largest commercial banks are seeking to impose tough credit demands that will be difficult to comply with, according to lawyers and knowledgeable people at several foreign banks. 

This information was written by Denis McMahon on September 3rd in the Wall Street Journal.  Check out the entire article to learn more.  The title of the article is "China's Rules Put Foreign Banks in a Bind"