Foreign banks go local today

时间：2007-04-23 08:12:25

（单词翻译:单击）

 
Apr.23 - Four foreign banks will provide retail1 yuan services to people across China from today, China Daily reports.

 

HSBC, Citigroup, Standard Chartered Bank and the Bank of East Asia passed the regulator's audit2 last Thursday and now have unlimited3 access to the country's $2-trillion domestic household savings4.

 

The banks, however, have said they mainly intend to promote wealth management services and target China's wealthier customers.

 

Domestic lenders, trying to fend5 off competition in the retail market, are also stepping up their efforts to court higher-end customers with services such as private banking6.

 

The four overseas institutions have more than 100 outlets7 across China. They said over the weekend that their Shanghai branches would offer full yuan services from today while others are expected to do so shortly.

 

In addition to wealth management, the four banks can now provide a wide range of services, including mortgage loans.

 

They could also expand their funding sources for corporate8 banking business by gaining access to personal savings and inter-bank borrowing.

 



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1 retail VWoxC     
v./n.零售；adv.以零售价格
参考例句：
  • In this shop they retail tobacco and sweets.这家铺子零售香烟和糖果。
  • These shoes retail at 10 yuan a pair.这些鞋子零卖10元一双。
2 audit wuGzw     
v.审计；查帐；核对；旁听
参考例句：
  • Each year they audit our accounts and certify them as being true and fair.他们每年对我们进行账务审核，以确保其真实无误。
  • As usual,the yearly audit will take place in December.跟往常一样，年度审计将在十二月份进行。
3 unlimited MKbzB     
adj.无限的，不受控制的，无条件的
参考例句：
  • They flew over the unlimited reaches of the Arctic.他们飞过了茫茫无边的北极上空。
  • There is no safety in unlimited technological hubris.在技术方面自以为是会很危险。
4 savings ZjbzGu     
n.存款，储蓄
参考例句：
  • I can't afford the vacation,for it would eat up my savings.我度不起假，那样会把我的积蓄用光的。
  • By this time he had used up all his savings.到这时，他的存款已全部用完。
5 fend N78yA     
v.照料（自己），（自己）谋生，挡开，避开
参考例句：
  • I've had to fend for myself since I was 14.我从十四岁时起就不得不照料自己。
  • He raised his arm up to fend branches from his eyes.他举手将树枝从他眼前挡开。
6 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。
7 outlets a899f2669c499f26df428cf3d18a06c3     
n.出口( outlet的名词复数 )；经销店；插座；廉价经销店
参考例句：
  • The dumping of foreign cotton blocked outlets for locally grown cotton. 外国棉花的倾销阻滞了当地生产的棉花的销路。 来自《简明英汉词典》
  • They must find outlets for their products. 他们必须为自己的产品寻找出路。 来自《现代汉英综合大词典》
8 corporate 7olzl     
adj.共同的，全体的；公司的，企业的
参考例句：
  • This is our corporate responsibility.这是我们共同的责任。
  • His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

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