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Empresas y finanzas

CORRECTED-China to start pilot for privately owned banks


    BEIJING (Reuters) - China will launch a pilot test for privately owned banks in its more prosperous regions of Tianjin, Shanghai, Zhejiang and Guangdong, the country's bank regulator Shang Fulin said on Tuesday.

    The pilot, which was approved by China's government in January, is the first tentative step by the country to open its hitherto closely guarded banking sector to private investors.

    (This story was corrected to fix the name of bank regulator in second paragraph to Shang Fulin, and to remove the word "four" from headline)

    (Reporting by Kevin Yao and Shao Xiaoyi; Editing by Richard Pullin)