Chinese regulators held a meeting with banks to gauge their interest in taking over Silicon Valley Bank’s stake in a local joint venture, Bloomberg News reported on Thursday.
China’s Banking and Insurance Regulatory Commission convened a meeting this week to discuss the offloading of SVB’s 50% holding in SPD Silicon Valley Bank, the report said, citing people familiar with the matter.
China’s Banking and Insurance Regulatory Commission convened a meeting this week to discuss the offloading of SVB’s 50% holding in SPD Silicon Valley Bank, the report said, citing people familiar with the matter.