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Reg roundup: China reforms loan deposit ratio; Philippines clarifies VAT refunds; Taiwan approved in Myanmar

The PBOC has issued a directive to banks releasing targeted industries from inclusion in Chinese banks' loan to deposit ratios:The Philippines has clarified its value added tax rebate process; and Taiwanese banks have been approved to establish branches in Myanmar
Reg roundup: China reforms loan deposit ratio; Philippines clarifies VAT refunds; Taiwan approved in Myanmar

China reforms banks’ loan-to-deposit methodology

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