Would you like a 30-year mortgage to go with your air conditioner? How about no-fee chequing along with your flatscreen television?
These are the kinds of questions Chinese manufacturers and retailers could soon be asking customers if they get their way and are permitted to set up banks.
In an attempt to shake up the country’s slow-moving financial industry and create more investment opportunities for the private sector, Chinese regulators have invited companies from across the spectrum to apply for banking licences.
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