Contents L. Introduction IL. Foreign banks in China 349 Lessons from International Experience V Conclusions References 1. Opening the Banking Sector to Foreign Investment in Late 2006 2. Foreign Investment in Domesstic Banks: Selected Country Experience Table 1. China: Foreign Investors in the Five Largest Banks 2. Foreign Investors in Smaller Banks2 Contents Page I. Introduction ............................................................................................................................3 II. Foreign Banks in China.........................................................................................................4 III. Lessons from International Experience ...............................................................................9 IV. Conclusions........................................................................................................................11 References................................................................................................................................14 Boxes 1. Opening the Banking Sector to Foreign Investment in Late 2006........................................5 2. Foreign Investment in Domesstic Banks: Selected Country Experience............................10 Tables 1. China: Foreign Investors in the Five Largest Banks............................................................12 2. Foreign Investors in Smaller Banks.....................................................................................13