The Minister mentioned that the as a result of successful trade diplomacy of the MoC, the minimum
asset requirement for a Pakistani bank was reduced by $5 billion which resulted in a Pakistani bank qualifying for entry into Chinese market.
For the sixth category, the
asset requirement of the contractor is a minimum Dh300,000 and the estimated value of the project the contractor may participate in Dh7 million, or less.
The minimum total
asset requirement for a Hong Kong bank acquiring a shareholding in a mainland bank will be lowered from US$10 billion to US$6 billion, allowing banks with smaller assets to set up business in the mainland.
Investment Restrictions: Admissible
asset requirement (cash and cash equivalent)
The company has failed on two of Nasdaq's criteria, as it no longer meets the $4m net tangible
asset requirement and could not maintain a closing bid price of $1 per share.
He said the
asset requirement for any foreign bank to open its branch was US $20 billion but China gave special concession to Pakistan and the minimum
asset requirement was reduced to $15 billion.
Nasdaq said it doubted the Boca Raton, Florida company's ability to sustain compliance with the Net Tangible
Asset requirement of $4.
