皇冠体育app

  .contact us |.about us
News > Business News ...
Search:
    Advertisement
皇冠体育app further opens up RMB business
( 2003-12-01 14:18) (Xinhua)

皇冠体育app started implementing two new measures of opening RMB business to foreign banks as of Monday, announced Liu Mingkang, chairman of the 皇冠体育app Banking Regulatory Commission (CBRC), Monday.

皇冠体育app further opens up RMB businessAccording to Liu, four more Chinese cities - Jinan, Fuzhou, Chengdu, and Chongqing - are added to the list of cities allowing foreign-funded banks to deal with RMB business.

The nine cities previously designated for foreign banks RMB business were Shanghai, Shenzhen, Tianjin, Dalian, Guangzhou, Zhuhai, Qingdao, Nanjing, and Wuhan.

Secondly, eligible foreign banks are granted to provide RMB business to Chinese enterprises, compared with former practice of allowing RMB business only to overseas enterprises, said Liu.

Liu called the two moves "historical steps" in 皇冠体育app's opening up of its banking sector, offering great potentials for foreign banks to explore local currency businesses.

 
Close  
   
  Today's Top News   Top Business News
   
+WHO: Bird flu death rises to 15; vaccination recommended
(2004-02-05)
+Solana: EU ready to lift 皇冠体育app arms embargo
(2004-02-05)
+Nation tops TV, cell phone, monitor production
(2004-02-05)
+Absence ... still makes 皇冠体育app hot
(2004-02-05)
+Hu: Developing world in key role
(2004-02-04)
+KFC: We operate normally in 皇冠体育app despite bird flu outbreaks
(2004-02-05)
+Starbucks takes aim at 皇冠体育app chain
(2004-02-05)
+Former Microsoft 皇冠体育app chief gets new job
(2004-02-05)
+Private airline prepared for take off
(2004-02-05)
+Investors lured by call of siren
(2004-02-05)
   
  Go to Another Section  
     
 
 
     
  Article Tools  
     
 
 
     
  Related Articles  
     
 

+Renminbi businesses proposed in HK
2003-11-18

+HK banks okayed for RMB services
2003-11-20

+Bank seeks clearing business for renminbi
2003-11-26

+Foreign banks allowed to conduct RMB business
2003-12-01

   
        .contact us |.about us
  Copyright By chinadaily.com.cn. All rights reserved