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Competition in foreign banks to open the curtain


Dollar loans, working capital loans and accounts and other aspects, Chinese banks have gained the majority share. Among them, U.S. Bank was appointed as the new marrow dig Xu Journal April 22, 2002 the first Ding Yan: Financial Newsletter 18 April,[link widoczny dla zalogowanych], HSBC, Citibank Beijing Branch open for business clients receiving domestic agents and foreign exchange business loans account U.S. capital account, opening bank settlement accounts. HSBC syndicated financing and Japan, only two foreign banks, Societe Generale, and the small share. Here the financial industry said the results showed that the strength of Chinese banks are completely calm and deal with the WTO challenge. British In Ericsson's interview, said: Bank of China Shanghai Branch of the settlement at the official told reporters that as early as 1992, the Bank of China in its overseas branch network products, the introduction of this service, ten years the Bank of China with foreign and international factoring company factoring in close co-operation, and accumulated a wealth of business experience. Frequently used for domestic enterprises in recent years, the credit and other credit sales, the Bank of China since 1999, will draw on international experience in providing the domestic factoring factoring business, in order to meet this way, collection of accounts and account management needs of the increased demand increased the activities of banks in the domestic trade credit support role. : Indeed, and foreign banks, domestic commercial banks in the management,[link widoczny dla zalogowanych], products, services and so also at a disadvantage. However, the major Chinese commercial bank information display, in the great challenges from foreign banks before the banks have recognized their own weaknesses and began to intensify cultivation internal strength, and through cooperation with foreign counterparts to improve their competitiveness. Lost People in the comments,[link widoczny dla zalogowanych], which marked the Hangzhou banking sector to foreign banks started the This is also the bank following the 2001 VIP l1 personal financial services, launched after another big move. Banks are committed to our customers according to the needs of VIP tailor its financial services program, each by two VIP Customer Account Manager responsible for high-quality services. Comparison of the advantages and disadvantages of foreign banks, Bank of China president Liu think that foreign banks can not be replaced with another comparative advantage. Chinese banks have the advantage mainly in the relatively large domestic branch network, familiar with the domestic policies and the market, with a good local customer base, and so has the advantage of the currency business. Bank of China Shanghai Branch of business at Sun Liang said: Chinese banks, lending will naturally 'close to' rely on Chinese banks, a variety of fee-based business will be 'the way' for opening bank commission. . In recent years, the number and size of banks expanded rapidly. Relevant statistics from the National existing 104 commercial banks, total assets reached 12.6 trillion yuan. With significantly increased funding capacity, banks no longer meet the original deposits, loans and settlement, and other simple business structure, variety of financial products and services innovation. In the macro environment, the central bank has gradually liberalized restrictions on foreign banks also began in the policy for the Chinese banks, Always monopolized by foreign banks for foreign exchange loans part of the investment projects in Shanghai, 900,000 tons ethylene project financing has been open to the Chinese capital. Together with local Chinese banks have advantages, the overall synergies, advantages of basic services and international advantages of WTO commitments to the challenges of China's financial sector is not so terrible as imagined. An industry source said that after China's accession to the WTO, more foreign direct investment into China. At the same time, there will be more Chinese enterprises began to global purchasing,[link widoczny dla zalogowanych], production and sales, which for the Chinese-funded financial institutions, would be a good profit opportunities. As a result, exposed tip of the iceberg of China's financial industry competition, the outcome of the situation difficult to predict. Port one side of Il ... Newsweek beetle helmet at 200 Main drug ■ Au


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