| 1 | He also serves on three big regulatory commissions covering insurance, banking and securities. | |
| 2 | Moreover, if the target is a listed company, CSRC' s consent would be required and relevant rules regarding strategic investments by foreign investors would normally apply. | |
| 3 | It is a rare piece of good news for the banking giant, which has been accused in a civil lawsuit by the Securities and Exchange Commission of defrauding investors. |