Current swarming overseas investment into the country will not pose a threat to the national financial safety, Xiao Gang, board chairman of the Bank of China, said Sunday.

With the coming of overseas strategic investors into China, the commercial banks still have the lion's share of the investment, he said.

According to regulations, single foreign strategic investors enjoy no more than 20 percent of the overall shares and overseas investment entities should hold no more than 25 percent of the total.

In addition, he noted that as banks get listed, shares of foreign investors will further "dilute".

He highlights real threats to domestic commercial banks are problems like "insecure capital funds, accumulating bad loans and dishonest financial information."

Without financial reforms, these banks even have difficulty in operation, said Xiao.

"We can learn advanced management expertise from those overseas strategic investors and upgrade our international competitiveness," he said.

Source: Xinhua