日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Make me your Homepage
left corner left corner
China Daily Website

Promising outlook for foreign banks in FTZ

Updated: 2013-09-27 07:07
By Wei Tian in Shanghai ( China Daily)

Promising outlook for foreign banks in FTZ

The Shanghai Free Trade Zone could prove a game-changer for foreign banks that are struggling in China by creating an offshore financial market where they can put their expertise to good use, according to a leading domestic economist.

"Eventually, all kinds of financial transactions that can be conducted in the international market will be permitted for banks inside the Shanghai FTZ," Lian Ping, chief economist with the Bank of Communications, told China Daily by phone.

"The area will be an offshore financial market where they can do business with the entire world," he said.

A number of domestic and foreign financial institutions are reportedly eager to set up shop in the 28.78-sq-km zone, which is expected to be officially unveiled on Sunday. It is being billed as a test bed for financial reforms that will later be applied more broadly in China.

Shanghai Pudong Development Bank already has three branches in the FTZ area but it plans to upgrade these and put them under the direct management of its head office. Bank of China has also applied to upgrade it branches in the area.

Meanwhile, foreign players like BEA, Citigroup, HSBC and Standard Chartered are closely watching to see what business opportunities emerge in the FTZ.

Lian said the zone will lure new players to the Chinese market, including those funded by private capital - although the latter will only be allowed to conduct offshore business initially.

"Competition will be fierce because financial institutions will rush into the area with a range of innovative products," he said.

Pundits predict that the first set of guidelines for the FTZ, set to be released this year, will contain few reforms. But they will soon expand "because only by opening up the financial market will the FTZ achieve its original intention," Lian said.

"Although there won't be too many breakthroughs at first, we will see new ways of doing old businesses," he added.

As an offshore financial market, the FTZ will remove both the ceiling on deposits for banks and the cap on loan interest rates, he said. The cap is currently set at four times the benchmark rate set by the People's Bank of China.

The loan-to-deposit ratio, which stops commercial banks lending over 75 percent of their total deposits, may also be relaxed, he forecasts.

"Foreign banks will become more competitive in the FTZ because they are already familiar with this kind of playing field," he said.

Foreign banks have been faltering in China because of their limited access to depositors, small branch numbers, and the impact of the strict loan-to-deposit ratio.

 
 
...
主站蜘蛛池模板: 欧美三级网站在线观看 | 国产精品欧美久久久久天天影视 | 午夜剧场在线 | 毛片网站在线播放 | 亚洲精品欧美日韩 | 超碰碰97 | www.激情五月.com | 久久高清 | 久久aⅴ乱码一区二区三区 婷婷六月丁 | 性色av一区二区三区 | 色婷婷综合在线 | 亚洲精品久久久久久久久久久 | www.黄色片.com | 狠狠躁日日躁夜夜躁2022麻豆 | 丁香九月激情 | 成年人视频免费在线观看 | 成人久久免费视频 | www亚洲视频| 欧美成人午夜精品免费 | 中文有码在线播放 | 成人小视频在线观看 | 国产黄色小视频在线观看 | 久久国产成人 | 青青青在线 | 亚洲美女福利视频 | 国产精品一二三四 | 亚洲免费中文字幕 | xxxxx黄色 | 欧美国产一级 | 亚洲a毛片 | 欧美三区在线观看 | 国产在线视频在线观看 | 神马午夜精品91 | 日韩中文久久 | 亚洲精品在线看 | www.日韩在线观看 | 天堂在线亚洲 | 成人免费观看网站 | 亚洲免费在线观看 | aaaaaa毛片| 伊人久久久久久久久久久久 |