China's Economic Growth Demands Superior Home Investment Banks

Home>>Business

Last updated at: (Beijing Time) Saturday, May 25, 2002

China's Economic Growth Demands Superior Home Investment Banks

Investment banks are crucial to China's economic growth, which in turn contributes to the nurturing of first-class investment banks.

DISCUSSION

CHINESE

SEND TO FRIEND

Investment banks are crucial to China's economic growth, which in turn contributes to the nurturing of first-class investment banks.

Li Shan, Chief Executive Officer of Bank of China International(BOCI) Holdings Ltd., made the remarks at a forum on the WTO and capital market, which is held here Friday.

Li said that China is growing into the biggest market in the world for international investment banks.

Domestic enterprises' demand for financing services has dramatically increased as China's economy grows rapidly.

The high savings ratio in the country also requires an expansion of the domestic capital market, he said.

China's financial institutions should grasp the opportunities generating from China's WTO accession and work hard to build themselves into first-class investment banks in the coming three to five years, by introducing advanced experiences from their foreign counterparts and furthering reforms on themselves, Li urged.

Questions?Comments? Click here

Sino-Foreign Banks Talk Business

Chinese Banks Urged to Better Use Soaring Saving Deposits

Many Hurdles for Free Trade between Mainland and HK ( 11 Messages)

Hong Kong to Extend Native-speaking English Teacher Scheme to Primary Schools ( 3 Messages)

UNDP Starts Research on Chinese Women in WTO ( 34 Messages)

Foreign Carmakers Seek More Presence in China ( 13 Messages)

Philippines Engages in Expansions in China's Nansha ( 70 Messages)