Chinese Banks Warming up for WTO Entry

The integration of network banking and offline services will become a major tool for Chinese banks to meet the challenges posed by international competition after the country enters into the World Trade Organization (WTO) and the development of Internet technologies.

At the China International Exhibition on Financial Banking Technology and Equipment 2001, Xiao Gang, vice-governor of the central People's Bank of China, said: "It has become a trend for banking and financial sectors in the world and Chinese banks should grasp the opportunities to strengthen themselves."

He pointed out that the restructuring of traditional services of commercial banks to embrace network banking was a huge project, and they should co-operate at all levels to avoid repetitive construction.

The , one of the country's largest commercial banking operators, provides online banking services in about 300 cities, and transactions conducted through the Internet reached more than 200 billion yuan (US$24 billion) in the first half of the year.

Meanwhile, China Merchants Bank already gets more than 40 per cent of transactions by individual customers on the web.

Xiao also urged the banking sector to unify their transactions and settlement systems nationwide in order to reduce costs and improve efficiency, so as to compete with their foreign counterparts after China gets the WTO membership.

ICBC has decided to merge its 36 accounting centres in the country into two - one in Beijing and the other in Shanghai - by September 2002, to cut expenses on equipment and reduce financial risks with a unified control system.

The exhibition, held on the eve of China's accession to the WTO, has set "network banking services" as its main theme to discuss Chinese commercial banks' opportunities in the Internet age.

With the construction of nationwide financial information platforms and online banking, the demands for information technologies and products from banks will keep rising, and expectations on the exhibition are also high.

The event, held annually since 1993, has attracted 25 Chinese financial institutions and 186 businesses from around the world, including technology leaders IBM, Compaq, NCR and Wincor Nixdorf (WN).

"China's robust economic growth and the huge demands in banking sectors for advanced technologies and equipment will bring lots of opportunities for us," said Martin Loeser, vice-president with WN, the world's third largest automatic telling machine (ATM) maker.

The German business has built a research and development centre in Shanghai with US$23 million and is thinking about an ATM production base in China.

It was revealed that the company will try to make its China branch a listing firm on the Chinese stock markets in the coming years.

(chinadaily.com.cn 09/17/2001)



In This Series

Non-banking Sector to Play Bigger Role

Foreign Banks Allowed to Manage RMB Business in West China

State-Owned Banks Should Go Public

E-Banking Regulations to Be Introduced

References

Archive

Web Link

主站蜘蛛池模板: 午夜电影免费观看| 国产真人无遮挡作爱免费视频| 久久99热精品免费观看动漫| 69pao精品视频在线观看| 对白脏话肉麻粗话视频| 久久99精品久久久久久hb无码| 日韩美女片视频| 亚洲国产成a人v在线观看| 永久黄网站色视频免费直播| 免费成人av电影| 欧美jizz18性欧美年轻| 国产精品高清视亚洲一区二区| vvvv99日韩精品亚洲| 成人免费777777| 中文字幕精品无码亚洲字| 日本电车强视频在线播放| 亚洲人成77777在线播放网站| 欧美精品在线观看| 亚洲美女自拍视频| 男人j进入女人j内部免费网站| 全部免费毛片在线| 精品无人区乱码麻豆1区2区| 四虎影视在线永久免费观看| 苍井空浴缸大战猛男120分钟 | 91香蕉污视频| 在线观看国产精品麻豆| uyghur69sexvideos| 好男人资源视频在线播放| 一本久久综合亚洲鲁鲁五月天| 成全高清视频免费观看| 中文字幕精品一区二区精品| 日本三级s电影| 久久久久亚洲精品无码网址色欲| 日本高清免费不卡在线播放| 久久精品中文无码资源站| 最近免费高清版电影在线观看| 免费看片A级毛片免费看| 香港aa三级久久三级不卡| 在线中文字幕视频| china同性基友gay勾外卖| 天天操天天爱天天干|