| Foreign investors have been excluded from investing in internet bank after China’s banking regulator expressed concerns about foreign ownership. Foreign investors have been excluded from investing in a Chinese internet bank backed by social-network giant Tencent Holdings Ltd. after China’s banking regulator expressed concerns about foreign ownership, people familiar with the situation said.
Earlier this year, U.S. private-equity firm Warburg Pincus and Singapore state-owned investment firm Temasek Holdings Pte. Ltd. were near a deal to lead a $450 million investment round for WeBank, which would have valued the online bank at roughly $5.5 billion...............................................Full Article: Source
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