Bank of China starts exclusive service |
文章来源： 文章作者： 发布时间：2007-03-30 06:44 字体： [ 大 中 小] 进入论坛 |
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| Bank of China opened a private banking1 service in Beijing and Shanghai yesterday, the first local bank to target the growing ranks of the super rich in China. |
| Mar2.29 - Bank of China opened a private banking service in Beijing and Shanghai yesterday, the first local bank to target the growing ranks of the super rich in China.
The service is only for customers with over $1 million to invest and is a joint3 project with its partner the Royal Bank of Scotland (RBS), which owns about 4.4 percent of the Chinese bank.
"The thing that excites us is just the size of the marketplace," said Fred Goodwin, chief executive of the RBS.
China was home to 320,000 millionaires in 2005, according to a report by Capgemini and Merrill Lynch.
The total assets held by this group topped $1.59 trillion at the time, ranking China No 2 in the Asia-Pacific region after Japan.
That number is bound to increase rapidly given the country's continuing economic boom, said Li Lihui, president of Bank of China.
The private banking business would operate under Bank of China's name to start with, but Goodwin said the branding may change over time.
Initially4, the business will offer 12 products including foreign exchange, subscriptions5 to initial public offerings and private equity6, said Yue Yi, general manager of personal banking at Bank of China.
Bank of China's private client customer base, combined with the experience of RBS in international private banking, gives it an unrivalled position for the business, Goodwin said.
Foreign banks such as BNP Paribas, Citibank and Deutsche Bank have already begun private-banking operations in China.
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点击  收听单词发音
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1
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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2
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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3
joint
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| adj.联合的，共同的；n.关节，接合处；v.连接，贴合 |
参考例句： |
- I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤，肩膀脫臼了。
- We wrote a letter in joint names.我们联名写了封信。
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4
initially
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| adv.最初，开始 |
参考例句： |
- The ban was initially opposed by the US.这一禁令首先遭到美国的反对。
- Feathers initially developed from insect scales.羽毛最初由昆虫的翅瓣演化而来。
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5
subscriptions
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| n.（报刊等的）订阅费( subscription的名词复数 )；捐款；（俱乐部的）会员费；捐助 |
参考例句： |
- Subscriptions to these magazines can be paid in at the post office. 这些杂志的订阅费可以在邮局缴纳。 来自《简明英汉词典》
- Payment of subscriptions should be made to the club secretary. 会费应交给俱乐部秘书。 来自《简明英汉词典》
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6
equity
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| n.公正，公平，（无固定利息的）股票 |
参考例句： |
- They shared the work of the house with equity.他们公平地分担家务。
- To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。
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