Sino-Foreign Banks Talk Business

Home>>Business

Last updated at: (Beijing Time) Sunday, May 19, 2002

Sino-Foreign Banks Talk Business

China's first privately owned banking corporation unveiled its latest financial products here in Shanghai recently to 32 foreign-owned banks in a bid for Sino-foreign cooperation.

DISCUSSION

CHINESE

SEND TO FRIEND

China's first privately owned banking corporation unveiled its latest financial products here in Shanghai recently to 32 foreign-owned banks in a bid for Sino-foreign cooperation.

The products and services offered by the China Minsheng Banking Corporation include international clearance of foreign exchanges, foreign cash business, credit card business in foreign currencies, currency transfers, a survey of overseas customers andhuman resources training.

Representatives from a dozen foreign banks such as Citibank, Hong Kong and Shanghai Banking Corporation Limited, French-based Banque de L'indochine, Bank of Tokyo-Mitsubishi, Ltd and the Bank of Dresden have expressed their willingness to strengthen cooperation with private Chinese banks since the country joined the World Trade Organization last year.

The China Minsheng Banking Corporation is a national shareholding commercial bank which focuses on aiding privately-owned industrial and commercial ventures.

Since being listed on the Shanghai Stock Exchange in 2000, thecorporation's total assets reached 138.9 billion yuan (about 16.73billion U.S. dollars) by the end of 2001.

Questions?Comments? Click here

Chinese Bank Hires Foreign Banking Brain

Minsheng Opens New Branch in Xi'an

Minsheng Bank in Alliance With China Life Insurance

Spirit of May 4 Movement Still Inspires Chinese Youth ( 91 Messages)

FM Spokesman on Anti-China Items In U.S. Defense Bill ( 103 Messages)

China Is Among Countries with Wide Income Gap ( 67 Messages)

China to Launch First Space Solar Telescope in 2005 ( 26 Messages)

China Launches Two Satellites ( 15 Messages)

What's Japan Up to in Playing Up Matters Concerning Consulate Intrusion Incident? ( 5 Messages)

US Imposes Sanctions on 8 Chinese Companies over Iran ( 6 Messages)

Study Shows Chinese Youths' Poor in Creative Ability ( 4 Messages)