Overseas banks can apply for card business now
文章来源: 文章作者: 发布时间:2007-06-06 00:27 字体: [ ]  进入论坛
(单词翻译:双击或拖选)
June 5 - China Banking1 Regulatory Commission (CBRC) is accepting bank card applications from overseas banks, sources with the CBRC told Xinhua Monday.

 

Overseas banks that meet CBRC requirements and related standards can apply to run bank card operations in China, the sources said.

 

China will allow foreign incorporated banks that qualify for RMB retail2 business to issue RMB bank cards which meet the operational and technical standards of China's banking cards, according to the decision reached at the China-U.S. Strategic Economic Dialogue held last month.

 

These banks will enjoy the same treatment as Chinese banks, it said.

 

The move will allow overseas banks to offer a full range of RMB services.

 

Under the Administrative3 Rules on Foreign Banks, which took effect last December, overseas banks can issue their own brand of RMB bank cards when they register as local entities4.

 

However, technical problems such as risk control and payment systems still need to be clarified in the new banking card regulations.

 

Many overseas banks that have incorporated in China or have plans to do so are waiting for the new bank card regulation to move forward.

 

An initial draft of the regulation has been completed by the Legislative5 Affairs Office of the State Council, the People's Bank of China and the China Banking Regulatory Commission, an earlier report said.

 

Meanwhile, overseas banks, including Bank of East Asia (China) Ltd., HSBC and Standard Chartered Bank, have said that they will announce their plans when the new regulation is issued.

 

Chinese banks have issued more than 1.1 billion bank cards -- 1.08 billion debit6 cards and some 50 million credit cards -- according to figures released by the People's Bank of China.

 



点击收听单词发音收听单词发音  

1 banking aySz20     
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。
2 retail VWoxC     
v./n.零售;adv.以零售价格
参考例句:
  • In this shop they retail tobacco and sweets.这家铺子零售香烟和糖果。
  • These shoes retail at 10 yuan a pair.这些鞋子零卖10元一双。
3 administrative fzDzkc     
adj.行政的,管理的
参考例句:
  • The administrative burden must be lifted from local government.必须解除地方政府的行政负担。
  • He regarded all these administrative details as beneath his notice.他认为行政管理上的这些琐事都不值一顾。
4 entities 07214c6750d983a32e0a33da225c4efd     
实体对像; 实体,独立存在体,实际存在物( entity的名词复数 )
参考例句:
  • Our newspaper and our printing business form separate corporate entities. 我们的报纸和印刷业形成相对独立的企业实体。
  • The North American continent is made up of three great structural entities. 北美大陆是由三个构造单元组成的。
5 legislative K9hzG     
n.立法机构,立法权;adj.立法的,有立法权的
参考例句:
  • Congress is the legislative branch of the U.S. government.国会是美国政府的立法部门。
  • Today's hearing was just the first step in the legislative process.今天的听证会只是展开立法程序的第一步。
6 debit AOdzV     
n.借方,借项,记人借方的款项
参考例句:
  • To whom shall I debit this sum?此款应记入谁的账户的借方?
  • We undercharge Mr.Smith and have to send him a debit note for the extra amount.我们少收了史密斯先生的钱,只得给他寄去一张借条所要欠款。
TAG标签:
发表评论
请自觉遵守互联网相关的政策法规,严禁发布色情、暴力、反动的言论。
评价:
表情:
验证码:点击我更换图片