纽约时报每日一篇(31)
Christmas has come early for the banking fraternity. (1)Having already allowed foreign banks to pick up minority stakeI in their listed Chinese counterparts, Beijing is now allowing them to offer a full range of services on mainland soil.
Fraternity:同业
Minority stakes:少数股份
The new rules, promised under World Trade Organisation agreements and due to take effect on December 11, contain less onerous capital requirements than some had feared. (2)In order to incorporate locally - a pre-requisite for offering full services to domestic customers - banks will have to put up registered capital of Rmb1bn ($127m) and operating capital of Rmb100m for each branch.
Pre-requisite:先决条件
That, however, is the easy bit. Being locally incorporated means local regulation, and a whole new layer of administration. Back- and middle-office functions can no longer be outsourced, or sent back to head office; instead, the Chinese operation will require its own compliance department, internal auditors and computer systems. There could also be tax implications, since there will be a transfer of title on loans. These issues, not to mention the difficulty of procuring sufficiently skilled staff, suggest local incorporation could still be a challenge.
Auditors:内部审计师
implications:牵连关系
More pertinently, for the bulk of the 70-odd banks operating in China it may not even be logical. Many of these lenders simply followed their clients, initially offering trade finance and treasury services to multinationals. The chances of breaking into China's retail market are paper-thin unless you are HSBC or Citigroup, the two biggest players. Citigroup's newly-acquired controlling stake in Guangdong Development Bank, with more than 500 branches, gives it a fair shot. (3)Elsewhere, however, banks are likely to concentrate on key products, like credit cards, or use their international clout to woo private enterprises - and, as important, provide wealth management for the tycoons behind them.
Multinationals:跨国公司
paper-thin:微乎其微的
newly-acquired:最近获得的
Nevertheless, the prospect of all these renminbi dropping into their hands suggests that, for all the headaches, there will still be banks queuing up to incorporate.
Headaches:令人头疼的事
queuing up:排队等候
猜你喜欢
- 来日留学不可不知的十大APP
小编根据自己的留学生活经验给大家推荐以下十款必备的App,几乎涵盖生活的方方面面,无论你是找兼职还是要网购,是阅览资讯还是观看视频,都能提供极大便利。
- 出国留学中介前十名介绍 沪江是最好的选择
想要出国留学却没有时间没有精力去办理出国留学的手续,这个时候寻找一个好的出国留学中介就成了最好的办法,好的中介可以让自己更合理的去挑选自己喜欢的国家和学校,而且中介还有出国培训相关的内容,这...
- 日本动漫游戏:学校的圣域
feng社第9作第1弹《彼女のセイイキ(她的圣域)》,而系列的第2弹《妹的圣域》已于2015年08月28日发售,系列第3弹《学校的圣域》在2016年11月发售。
- 日本惊悚恐怖电影《裸体之夜:掠夺狂爱》
《裸体之夜2:掠夺狂爱》是由石井隆执导,竹中直人、佐藤宽子等领衔主演日本惊悚情色电影。该片讲述了主人公红次郎替年轻女孩加藤怜寻找叫“多绘”的救命恩人,结果踏入充满危机的“粉红”漩涡中。
- 秒变单身狗:哪些话不能对恋人说
恋爱初期总是美好而甜蜜的,然而两人长期处下来,就会发现对方的不足之处。生气起来口不择言,结果深深的伤害到两人的感情。这期给大家介绍一些对恋人可不能说的一些话。
- 日本礼仪:你真的会斟酒吗?
走进社会,我们不仅要在工作上努力努力再努力,还要一边学习一些社交礼仪。酒会作为一种常见的社交活动,学会其中的斟酒礼仪也是一门学问。今日,小编给大家整理了日本的斟酒礼仪供大家参考学习。
- 动漫日语脱口而出:痛痛飞走了
看动漫不学日语?那就太可惜啦!花花团小组节目《动漫日语每日一句》,每天教大家一句动漫中的实用台词,让你在看动漫的同时学到地道日语口语。爱动漫,爱生活!一起来练习口语吧!