Buying HK stocks will not facilitate money laundering, offic

时间：2007-08-31 08:03:19

（单词翻译:单击）

Chinanews, Beijing, Aug 31 – Chinese government has recently decided1 to allow mainland people to buy the stocks of Hong Kong, and designated Bank of China's branch office in Binhai Xinqu in Tianjin as a trial base to carry out the service. Vice2 governor of the People's Bank of China Su Ning said on Wednesday that such service would not facilitate money laundering3 activities.

 

The People's Bank of China, China's central bank, has been working hard to fight against money laundering activities according to the related regulations. China is gradually expanding the investment range for Chinese people to make investment at overseas market. Since all this money will flow out of China through legal channels and be strictly4 supervised, the service will not facilitate money laundering activities, Su said at a press conference on Wednesday.

 

In making investment abroad, Chinese citizens should submit their real names in registration5. In June this year, the People's Bank of China and the Ministry6 of Public Security had linked their database bank together with regard to Chinese people's identification information. Anyone who tries to open an account through a false name can be easily identified, Su noted7.

 

In addition, he said, the financial institutions that provide such service also have the duty to implement8 the anti-laundering law and report all big or suspicious money transfers to the central bank. In this way, all money that flows out of China will be put under supervision9. The central bank will inspect the work of these banks from time to time to see how well they have done in this aspect, the vice bank governor said.

 

With regard to underground banks, Su said they are illegal in China. In recent years, the People's Bank of China and related authorities have worked hard to crack down these underground banks. However, it might be possible that some underground banks still exist in China. In future, the People's Bank of China will continue to work with departments concerned to fight against underground banks and to prevent illegal money from flowing into the market.

 
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1 decided lvqzZd     
adj.决定了的，坚决的；明显的，明确的
参考例句：
  • This gave them a decided advantage over their opponents.这使他们比对手具有明显的优势。
  • There is a decided difference between British and Chinese way of greeting.英国人和中国人打招呼的方式有很明显的区别。
2 vice NU0zQ     
n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的
参考例句：
  • He guarded himself against vice.他避免染上坏习惯。
  • They are sunk in the depth of vice.他们堕入了罪恶的深渊。
3 laundering laundering     
n.洗涤（衣等），洗烫（衣等）；洗（钱）v.洗（衣服等），洗烫（衣服等）( launder的现在分词 )；洗（黑钱）（把非法收入改头换面，变为貌似合法的收入）
参考例句：
  • Separate the white clothes from the dark clothes before laundering. 洗衣前应当把浅色衣服和深色衣服分开。 来自《简明英汉词典》
  • He was charged with laundering money. 他被指控洗钱。 来自《简明英汉词典》
4 strictly GtNwe     
adv.严厉地，严格地；严密地
参考例句：
  • His doctor is dieting him strictly.他的医生严格规定他的饮食。
  • The guests were seated strictly in order of precedence.客人严格按照地位高低就座。
5 registration ASKzO     
n.登记，注册，挂号
参考例句：
  • Marriage without registration is not recognized by law.法律不承认未登记的婚姻。
  • What's your registration number?你挂的是几号？
6 ministry kD5x2     
n.(政府的)部；牧师
参考例句：
  • They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
  • We probed the Air Ministry statements.我们调查了空军部的记录。
7 noted 5n4zXc     
adj.著名的，知名的
参考例句：
  • The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
  • Jim is noted for arriving late for work.吉姆上班迟到出了名。
8 implement WcdzG     
n.(pl.)工具，器具；vt.实行，实施，执行
参考例句：
  • Don't undertake a project unless you can implement it.不要承担一项计划，除非你能完成这项计划。
  • The best implement for digging a garden is a spade.在花园里挖土的最好工具是铁锹。
9 supervision hr6wv     
n.监督，管理
参考例句：
  • The work was done under my supervision.这项工作是在我的监督之下完成的。
  • The old man's will was executed under the personal supervision of the lawyer.老人的遗嘱是在律师的亲自监督下执行的。

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