I have not read this stuff yet personally since I was giving a presentation this morning on intellectual property, meeting a client this afternoon - you know, normal day.

Anyway, it looks like some of the provisions were a little less scary than some had predicted. Here’s a general article from the Financial Times:

China on Wednesday issued landmark rules allowing foreign banks to offer a full range of services to local customers – a liberalisation promised as part of its 2001 entry to the World Trade Organisation.

The regulations were broadly in line with recent drafts that some foreign bankers saw as unnecessarily onerous, but did include operating fund requirements for local branches of overseas banks that were considerably lower than some had feared.

Full article here.