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Comment (China fully opened its doors to foreign banks lastDecember, honoring a promise it made when joining the WorldTrade Organization in 2001.
So far, 13 foreign lenders have incorporated locally, aprecondition required by the banking regulator for full accessto China's retail banking market.
"We will keep guiding foreign banks to expand reasonably inChina and give preferences to their applications to branch intomiddle and western regions," Qi Jianming, a senior officialfrom the China Banking Regulatory Commission said in an onlineinterview broadcast on the central government's Web sitewww.gov.cn.
Five foreign banks -- Citibank (C.N: Quote, Profile, Research), Standard Chartered(STAN.L: Quote, Profile, Research) (2888.HK: Quote, Profile, Research), Bank of East Asia (0023.HK: Quote, Profile, Research), HSBC (HSBA.L: Quote, Profile, Research)(0005.HK: Quote, Profile, Research), Hang Seng Bank (0011.HK: Quote, Profile, Res...