Foreign banks to launch RMB service in April |
文章来源： 文章作者： 发布时间：2007-03-10 00:20 字体： [ 大 中 小] 进入论坛 |
(单词翻译:双击或拖选)
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| Chinanews, Beijing, Mar1. 9 – The China Banking2 Regulatory Commission (CBRC)last week approved the preparation work done by HSBC, Citibank, Standard Chartered, and Bank of East Asia, for setting up a subsidiary bank in China. As the first batch3 among foreign banks, these banks have submitted their application to CBRC with regard to setting up their subsidiaries in China. If everything goes well, they might be able to launch Renminbi service in April, the Beijing-based Star Daily reported.
HSBC had finished related preparation work and the work had gained the approval of CBRC on March 2, said Richard Yorke, HSBC's general manager in China.
“We submitted our application (for setting up a subsidiary bank in China) to CBRC on March 5 and the application has been accepted by CBRC,” he said.
HSBC had put a lot of resources into the preparation work. Since local registration4 will produce a very favorable impact on the long-term development of China's financial market, HSBC hopes that it can set up a subsidiary bank in Shanghai as soon as possible, he added.
As for Standard Chartered and Bank of East Asia, this reporter was told that their preparatory work had also been approved by the CBRC's arm in Shanghai. The two banks have submitted their applications and hope that they can be approved.
Preparation work made by Citibank has also won the approval of CBRC.
However, five other foreign banks have not got the nod from CBRC with regard to their preparation, due to various reasons.
The four foreign banks are very optimistic about their performance in future after they launch the Renminbi service in China.
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点击  收听单词发音
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1
mar
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| vt.破坏，毁坏，弄糟 |
参考例句： |
- It was not the custom for elderly people to mar the picnics with their presence.大人们照例不参加这样的野餐以免扫兴。
- Such a marriage might mar your career.这样的婚姻说不定会毁了你的一生。
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2
banking
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| n.银行业，银行学，金融业 |
参考例句： |
- John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
- He possesses an extensive knowledge of banking.他具有广博的银行业务知识。
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3
batch
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| n.一批(组，群)；一批生产量 |
参考例句： |
- The first batch of cakes was burnt.第一炉蛋糕烤焦了。
- I have a batch of letters to answer.我有一批信要回复。
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4
registration
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| n.登记，注册，挂号 |
参考例句： |
- Marriage without registration is not recognized by law.法律不承认未登记的婚姻。
- What's your registration number?你挂的是几号？
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