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China gives green light for launch of three private banks

China has approved the launch of three private banks as part of plans to extend financial reforms and open up the country’s banking sector, state-run news agency Xinhua has reported. 29 Jul 2014

FCA confirms insurance add-on products are often poor value for consumers

Selling insurance policies as an "add-on" to purchasers of other financial services or products such as cars and mobile phones often lead to consumers purchasing poor value, unnecessary products, the financial services watchdog has confirmed. 29 Jul 2014

Talks pave way for renminbi clearing bank in Australia

Negotiations are under way between the Reserve Bank of Australia (RBA) and Chinese authorities to pave the way for a renminbi (RMB) clearing bank to be established in Australia to boost trade and investment between the two nations. 29 Jul 2014

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