Help | Sitemap | Archive | Advanced Search | Mirror in USA   
  CHINA
  BUSINESS
  OPINION
  WORLD
  SCI-EDU
  SPORTS
  LIFE
  WAP SERVICE
  FEATURES
  PHOTO GALLERY

Message Board
Feedback
Voice of Readers
China Quiz
 China At a Glance
 Constitution of the PRC
 State Organs of the PRC
 CPC and State Leaders
 Chinese President Jiang Zemin
 White Papers of Chinese Government
 Selected Works of Deng Xiaoping
 English Websites in China
Help
About Us
SiteMap
Employment

U.S. Mirror
Japan Mirror
Tech-Net Mirror
Edu-Net Mirror
 
Wednesday, March 28, 2001, updated at 10:20(GMT+8)
Business  

Everbright Bank Expand Intermediate Businesses

The Everbright Bank of China (EBC) announced Tuesday that the bank's intermediate businesses expanded by a big margin in the first two months this year, with the volume up more than 60 percent from the same period of last year.

EBC sources said that by the end of February, the international settlement of intermediate businesses had risen to US$1.4 billion, the heftiest increase in years.

A spokesman with the bank said that developing intermediate business was regarded as a major task for the bank to survive amid fiercer competition pending China's entry into the World Trade Organization (WTO) and to garner a bigger market stake.

He said that after China enters the WTO, the intermediate banking services would become a key area of competition for both domestic commercial banks and their foreign counterparts.

To make early preparations, the bank not only made efforts to expand its traditional services, such as agent services, involving various fee collections and payments, but also joined hands with securities and insurance companies to introduce new financial services.

In the next step, EBC plans to introduce investment consulting and fund custody services to the clients in line with relevant regulations and policies to seek new profit opportunities.









In This Section
 

The Everbright Bank of China (EBC) announced Tuesday that the bank's intermediate businesses expanded by a big margin in the first two months this year, with the volume up more than 60 percent from the same period of last year.

Advanced Search


 


 


Copyright by People's Daily Online, all rights reserved