Foreign banks booming in Shanghai

时间：2007-03-22 00:38:37

（单词翻译:单击）

Chiannews, Shanghai, March 21 - By the end of last February, foreign banks had set up more than 100 operational subbranches and 109 agencies in Shanghai, not including the 4 subbranches currently in preparation.

 

The statistics are from Wang Huaqing, the director of Shanghai Banking1 Regulatory Administration.

 

China fully2 opened its banking industry recently, which has since attracted many famous banks from all around the world.

 

The total capital of foreign banks in Shanghai had kept growing by 22% ever year in the past few years, amounting to $65.2 billion by last December. The remaining sum of their loans had been increasing by 28% annually3, reaching $33.7 billion by last December. Foreign banks absorbed $19.6 billion of deposit by the end of 2006. It had kept a 40%-plus annual growth before that. Their good business also generated a marvelous financial statement, as they netted a proft of $350 million (before tax) last year, with an average annual growth of 32%.

 

"Their great leap in profit reflects their good business, and their non-performing loan rate has dropped to 0.51% from the figure of 3.93% in 2001," said Wang.

 

However, Wang also pointed4 out the major problems that foreign banks must resolve in China, such as their over-dependence on their mother-banks, and how to make their information system compatible with their fast development.

 
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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 fully Gfuzd     
adv.完全地，全部地，彻底地；充分地
参考例句：
  • The doctor asked me to breathe in,then to breathe out fully.医生让我先吸气，然后全部呼出。
  • They soon became fully integrated into the local community.他们很快就完全融入了当地人的圈子。
3 annually VzYzNO     
adv.一年一次，每年
参考例句：
  • Many migratory birds visit this lake annually.许多候鸟每年到这个湖上作短期逗留。
  • They celebrate their wedding anniversary annually.他们每年庆祝一番结婚纪念日。
4 pointed Il8zB4     
adj.尖的，直截了当的
参考例句：
  • He gave me a very sharp pointed pencil.他给我一支削得非常尖的铅笔。
  • She wished to show Mrs.John Dashwood by this pointed invitation to her brother.她想通过对达茨伍德夫人提出直截了当的邀请向她的哥哥表示出来。

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