www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

Overseas banks ready for yuan service

By Zhang Lu and Wang Zhenghua (China Daily)
Updated: 2007-03-21 06:59


A woman emerges from an HSBC branch in Beijing in this December 13, 2006 photo. HSBC and three other banks will begin to offer renminbi retail businesses in China, as early as in April. [Reuters]

 
China has granted final approval for four overseas banks to incorporate locally, paving the way for them to offer renminbi retail business.

HSBC Bank (China) Co Ltd, Standard Chartered Bank (China) Ltd, Bank of East Asia (China) Ltd, and Citibank (China) Co Ltd, have secured the nod to commence operations as locally incorporated companies, the China Banking Regulatory Commission (CBRC) said.

China likely to join IADB
China is well on its way to become the third Asian nation to join the Inter-American Development Bank (IADB) after Japan and the Republic of Korea.

The four lenders can officially launch renminbi as well as foreign exchange services after completing the commercial registration process, which they expect to do by next month.

Overseas banks operating in China must incorporate locally to offer the same services as local banks, according to rules that took effect on December 11, when the country removed all geographic and business restrictions on overseas banks in line with its WTO commitments.

"This is a brand new chapter for us and for the banking industry as a whole, and we are excited with all the emerging opportunities," said Peter Sands, group CEO of Standard Chartered Plc.

The other three lenders also said yesterday that they were delighted with the approval.

According to CBRC officials, in addition to the four lenders, eight overseas banks have been approved to start preparatory work for local incorporation.

Hang Seng Bank, Mizuho Corporate Bank, Bank of Tokyo-Mitsubishi UFJ Ltd, DBS Bank, ABN AMRO and Oversea-Chinese Banking Corp are preparing to register their local subsidiaries in Shanghai.

JPMorgan Chase Bank will be incorporated in Beijing and Wing Hang Bank in Shenzhen.

The CBRC is also reviewing the local incorporation applications of three other banks Nanyang Commercial Bank, CITIC Ka Wah Bank and United Overseas Bank.

Overseas banks have achieved rapid growth since China entered the WTO. They generated a combined before-tax profit of $350 million last year, an annual jump of 31.62 percent.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 在线免费黄网 | 免费高清一级欧美片在线观看 | 国产亚洲欧洲一区二区三区 | 最新国产一区二区精品久久 | 日韩视频中文字幕 | 精品国产成人在线 | 成人免费一级在线播放 | www.碰| 亚洲免费观看网站 | 欧美日韩一级二级三级 | 最新99国产成人精品视频免费 | 欧美大胆a | 美女视频全部免费 | 亚洲制服欧美自拍另类 | 欧美综合在线视频 | 性欧美一级| 欧美精品1 | 久久精品视频在线观看榴莲视频 | 亚洲乱人伦在线 | 国产三级a三级三级 | 亚洲网在线观看 | 天天看有黄有色大片 | 免费人成观看在线网 | 欧美jizzhd精品欧美高清 | 69xxx·com| 久久男人天堂 | 国产精品免费观看视频播放 | 成人在线中文字幕 | 欧洲97色综合成人网 | 日本精品一区二区三区在线 | 国产在线一区二区三区欧美 | 成人三级在线播放 | 2020毛片| 日韩精品中文字幕一区三区 | 欧美一级在线看 | 久久成年片色大黄全免费网站 | 久草经典视频 | 国产精品毛片在线大全 | 亚洲综合国产一区二区三区 | 手机看片手机在线看片 | 精品视频99 |