High-risk foreign financial assets prohibited in China

时间：2007-03-26 01:28:34

（单词翻译:单击）

Chinanews, Beijing, Mar1. 23 – When transferring overseas assets to China, the branch offices of foreign banks or their legal entities2 in China are required to report their transfer to the China Banking3 Regulatory Commission (CBRC) and get its approval. Foreign banks are not allowed to divert their high-risk financial assets or assets from unlawful deals to China, according to a statement in the "Report on the Opening-up of China's Banking Industry" issued by CBRC.

 

Generally speaking, China's banking industry has set up an open pattern centered in development of the Yangtze River Delta4 region, the Pearl River Delta region and the Circum-Bohai Ring area, while expanding its business to neighboring regions.

 

While the opening-up of the banking industry has brought positive impacts on China's financial system, it has also created some risks. China has paid close attention to the possible risks emerging during the process. By the end of last December, the bad assets rate of foreign banks in China was 0.7%, said CBRC in the statement.

 

China will take multi-level risk-prevention measures to safeguard the security of Chinese banking industry. To foreign banks that want to operate business in China, China requires that their parent companies should unconditionally5 undertake all the financial debts incurred6 by their branch offices in China.

 
分享到：


点击收听单词发音收听单词发音  

1 mar f7Kzq     
vt.破坏，毁坏，弄糟
参考例句：
  • It was not the custom for elderly people to mar the picnics with their presence.大人们照例不参加这样的野餐以免扫兴。
  • Such a marriage might mar your career.这样的婚姻说不定会毁了你的一生。
2 entities 07214c6750d983a32e0a33da225c4efd     
实体对像； 实体，独立存在体，实际存在物( entity的名词复数 )
参考例句：
  • Our newspaper and our printing business form separate corporate entities. 我们的报纸和印刷业形成相对独立的企业实体。
  • The North American continent is made up of three great structural entities. 北美大陆是由三个构造单元组成的。
3 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。
4 delta gxvxZ     
n.（流的）角洲
参考例句：
  • He has been to the delta of the Nile.他曾去过尼罗河三角洲。
  • The Nile divides at its mouth and forms a delta.尼罗河在河口分岔，形成了一个三角洲。
5 unconditionally CfHzbp     
adv.无条件地
参考例句：
  • All foreign troops must be withdrawn immediately and unconditionally. 所有外国军队必须立即无条件地撤出。
  • It makes things very awkward to have your girls going back unconditionally just now! 你们现在是无条件上工，真糟糕！ 来自子夜部分
6 incurred a782097e79bccb0f289640bab05f0f6c     
[医]招致的，遭受的； incur的过去式
参考例句：
  • She had incurred the wrath of her father by marrying without his consent 她未经父亲同意就结婚，使父亲震怒。
  • We will reimburse any expenses incurred. 我们将付还所有相关费用。

©2005-2010英文阅读网