China considering raising cap on foreign investment in banks

BEIJING (AP) - China's banking regulator is considering raising the limits on foreign stakes in state-run commercial banks, a change that potentially could bring billions of dollars in new investments into the industry, an official said Wednesday. 

However, Fu Weiyi, spokesman for the China Banking Regulatory Commission, sought to downplay a report on the issue, stressing that the agency was only considering adjusting the limits.