国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

SAR seeks mainland support for banks

(China Daily HK Edition)
Updated: 2006-11-17 08:54

Hong Kong is in talks with mainland authorities to seek more preferential policies for its lenders once Beijing fully opens up its banking sector under WTO norms, a senior Hong Kong Monetary Authority (HKMA) official said yesterday.

Mainland regulations demand an overseas bank's branch to have a minimum fixed deposit of 1 million yuan (US$125,000). But HKMA external department executive director Julia Leung hoped Hong Kong banks would be exempted from that.

"We hope to strengthen communication with the mainland regulator and strive for more concessions under the Closer Economic Partnership Agreement (CEPA)." Leung told reporters on the sideline of a forum on Hong Kong-Beijing Financial Services Cooperation.

HKMA has also requested Beijing to see if banks based abroad could be allowed to transact business in overseas currencies, including HK dollars, on the mainland, Leung said, because such an arrangement would help Hong Kong's lenders.

Leung's comments came after the mainland announced a set of new rules on Wednesday for overseas banks operating on the mainland.

The mainland has been urged to lower its threshold further for local banks, too, she said.

HSBC Asia Pacific's strategic and economics adviser George Leung said the threshold was indeed high, requiring foreign banks' loan-deposit ratio to be 75 per cent in 18 months. So she hoped Hong Kong banks could make use of CEPA to extend the grace period.

The Deputy Director General of China Banking Regulatory Commission (CBRC), Beijing Bureau, Yang Liping, said CEPA had quickened the inflow of Hong Kong banks into Beijing. Five Hong Kong banks, HSBC, Nanyang Commercial Bank, Bank of East Asia, Hang Seng Bank and CITIC Ka Wah Bank, have already set up branches in the capital.

"Hong Kong-based banks have made great progress in Beijing since the inception of CEPA...," he said. Bank of East Asia was the first to transact business in yuan and CITIC Ka Wah Bank the first to open a branch in Beijing through CEPA.

Up to the end of September, there were 35 foreign banks' branches in Beijing with total assets of more than US$10 billion.

Bank of Beijing general manager Yan Xiaoyan said that the full opening up of the banking sector could increase interaction between domestic and foreign banks. "It can beef up the governance of local banks, too."

Bank of Beijing is well-prepared for the full opening up of the market. "We introduced talents from Hong Kong in 2003 and Dutch bank ING purchased 19.9 per cent stakes in the bank last year," he said.

Deputy Director-General of the Operation Office of the People's Bank of China Jiang Zaiyong said it was not likely that the overseas banks' threshold would be lowered. "The standard of foreign banks has to be consistent with that of local banks," he said.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
兴化市| 沈阳市| 东乡县| 遵义市| 招远市| 青神县| 拉孜县| 波密县| 玉屏| 东乌珠穆沁旗| 邵东县| 阿瓦提县| 扎赉特旗| 衡阳市| 嘉义县| 西宁市| 和田市| 宜兰市| 都安| 靖远县| 陕西省| 大竹县| 连州市| 中牟县| 义乌市| 张家口市| 永年县| 剑川县| 信宜市| 余姚市| 巍山| 双峰县| 乐山市| 都昌县| 大名县| 霞浦县| 禄劝| 巴彦县| 贞丰县| 抚州市| 阳朔县|