久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Companies

CMB's London branch seen as UK springboard

By Cecily Liu in London (China Daily) Updated: 2016-06-18 07:43

CMB's London branch seen as UK springboard

A branch of China Merchants Bank in Jinan, capital of East China's Shandong province, Feb 20, 2016. [Photo/IC]

Bank sees significant market-driven demand to serve Chinese investment internationally

China Merchants Bank Co became the first of the country's joint-stock commercial banks to open a branch in London on Thursday, highlighting significant market-driven demand for financial services providers to expand internationally to serve increasing Chinese investment abroad.

The Shenzhen-based CMB, established in 1987, is China's sixth-biggest, and the world's 16th largest bank.

CMB first established a presence in the United Kingdom capital in 2009 with a representative office. With the launch of a full branch, CMB will be offering a range of wholesale banking businesses serving corporate clients, including deposits, financing and currency clearing.

President and CEO Tian Huiyu said the establishment of the bank's London branch was a vote of confidence for London's strength as a leading global financial center.

Tian added that the move was also an integral part of the bank's overseas growth strategy.

"With Sino-UK relations entering a golden era, and bilateral investment continuing to grow, London's position as the second-biggest offshore renminbi center is consolidating," Tian said.

"More and more Chinese companies are investing in the UK, and the establishment of the branch in London allows us to provide financial services to those companies following a global strategy," the CEO added.

CMB London branch's opening follows in the footsteps of three Chinese banks with branches in the city - Bank of China Ltd, China Construction Bank Corp and Industrial and Commercial Bank of China Ltd. Agricultural Bank of China Ltd and Bank of Communications Co also have subsidiaries in London.

China's ambassador to the UK, Liu Xiaoming, said the steady stream of his country's banks coming to London was a clear indication that Chinese banks are now going global, and is also evidence of very strong China-UK cooperation.

Liu said the new branch was also significant as it is the first one set up by a Chinese joint-stock bank in London.

CMB is one of the many success stories of China's market-oriented reform and opening up, which started more than 30 years ago, said Liu.

"The success of CMB today is a reflection of China's endeavor to build a market-oriented economy and this is the best answer to some European politicians who still doubt China's market economy status," he added.

CMB was founded when China's financial market was undergoing market-oriented reform and opening up. Previously, China's banking sector was dominated by the big four State-owned banks. But regulatory changes in the 1980s allowed the establishment of joint-stock commercial banks, and CMB became one of the first.

CMB's majority shareholder is the State-owned enterprise China Merchants Group. The bank became a public company listed on the Shanghai and Hong Kong stock exchanges in 2002 and 2006, respectively.

In addition to London, CMB also has overseas branches in New York, Luxembourg and Singapore. Its total assets amounted to 5.47 trillion yuan ($830 billion) as of December 2015.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 日本不卡免费高清一级视频 | 欧美理论大片清免费观看 | 午夜看毛片 | 亚洲韩国欧美一区二区三区 | 国产成人综合亚洲 | 在线高清国产 | 国产在线一区二区三区欧美 | 亚洲视色 | 久久久久久久久毛片精品 | 在线第一页 | 国产在线日韩在线 | 男人v天堂 | 国产高颜值露脸在线观看 | 国产呦系列 | 欧美一级成人影院免费的 | 99av在线| 日韩字幕一中文在线综合 | 日本免费在线一区 | 精品自拍视频在线观看 | 欧美精品久久久久久久久大尺度 | 欧美xxxx4khd超高清 | 一级毛片免费在线观看网站 | 日本免费人做人一区在线观看 | 精品一区二区三区视频在线观看 | 青青青青爽视频在线播放 | 频黄 | 国产一区二区三区免费看 | 久久亚洲欧美成人精品 | 日韩毛片高清在线看 | 热99re久久精品这里都是免费 | 女人一级特纯黄大片色 | 成年女人免费看片 | 三级黄色a | 精品国产成人a区在线观看 精品国产成人a在线观看 | 中文字幕一级毛片 | 亚洲欧洲一区 | 中文字幕在线永久 | 国产毛片a| 亚洲品质自拍 | 日韩视频中文字幕 | 色综合加勒比 |