三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

US EUROPE AFRICA ASIA 中文
Business / Companies

CMB's London branch seen as UK springboard

By Cecily Liu in London (China Daily) Updated: 2016-06-18 07:43

CMB's London branch seen as UK springboard

A branch of China Merchants Bank in Jinan, capital of East China's Shandong province, Feb 20, 2016. [Photo/IC]

Bank sees significant market-driven demand to serve Chinese investment internationally

China Merchants Bank Co became the first of the country's joint-stock commercial banks to open a branch in London on Thursday, highlighting significant market-driven demand for financial services providers to expand internationally to serve increasing Chinese investment abroad.

The Shenzhen-based CMB, established in 1987, is China's sixth-biggest, and the world's 16th largest bank.

CMB first established a presence in the United Kingdom capital in 2009 with a representative office. With the launch of a full branch, CMB will be offering a range of wholesale banking businesses serving corporate clients, including deposits, financing and currency clearing.

President and CEO Tian Huiyu said the establishment of the bank's London branch was a vote of confidence for London's strength as a leading global financial center.

Tian added that the move was also an integral part of the bank's overseas growth strategy.

"With Sino-UK relations entering a golden era, and bilateral investment continuing to grow, London's position as the second-biggest offshore renminbi center is consolidating," Tian said.

"More and more Chinese companies are investing in the UK, and the establishment of the branch in London allows us to provide financial services to those companies following a global strategy," the CEO added.

CMB London branch's opening follows in the footsteps of three Chinese banks with branches in the city - Bank of China Ltd, China Construction Bank Corp and Industrial and Commercial Bank of China Ltd. Agricultural Bank of China Ltd and Bank of Communications Co also have subsidiaries in London.

China's ambassador to the UK, Liu Xiaoming, said the steady stream of his country's banks coming to London was a clear indication that Chinese banks are now going global, and is also evidence of very strong China-UK cooperation.

Liu said the new branch was also significant as it is the first one set up by a Chinese joint-stock bank in London.

CMB is one of the many success stories of China's market-oriented reform and opening up, which started more than 30 years ago, said Liu.

"The success of CMB today is a reflection of China's endeavor to build a market-oriented economy and this is the best answer to some European politicians who still doubt China's market economy status," he added.

CMB was founded when China's financial market was undergoing market-oriented reform and opening up. Previously, China's banking sector was dominated by the big four State-owned banks. But regulatory changes in the 1980s allowed the establishment of joint-stock commercial banks, and CMB became one of the first.

CMB's majority shareholder is the State-owned enterprise China Merchants Group. The bank became a public company listed on the Shanghai and Hong Kong stock exchanges in 2002 and 2006, respectively.

In addition to London, CMB also has overseas branches in New York, Luxembourg and Singapore. Its total assets amounted to 5.47 trillion yuan ($830 billion) as of December 2015.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 婷婷亚洲久悠悠色在线播放 | 日韩www视频 | 色婷婷亚洲综合五月 | 国产成人激烈叫床声视频对白 | jiucao在线观看精品 | 亚洲人精品 | 在线观看视频一区二区 | 亚洲精品专区一区二区欧美 | 日韩精品一区二区三区四区 | 亚洲欧美日韩中文综合v日本 | 亚洲欧美视频一区 | 国产区二区| 国产亚洲欧美日韩综合另类 | 久久精品视频免费在线观看 | 一级生性活免费视频 | 午夜影院一区二区 | 久久久精彩视频 | 亚洲视频在线观看视频 | 国产精品午夜寂寞视频 | 国产成在线观看免费视频成本人 | 玖玖成人| 黄色短视频免费 | 亚洲高清在线看 | 欧美日韩亚洲另类 | 国产高清好大好夹受不了了 | 国产第一页在线视频 | 国产伦理久久精品久久久久 | 久久97精品久久久久久久看片 | 色多多视频成人影院 | 亚洲国产综合网 | 激情婷婷综合 | 青草香蕉精品视频在线观看 | 国产巨乳在线 | 一区二区三区在线观看视频 | 日本免费黄色 | 久久综合狠狠综合久久综合88 | 免费一级a毛片在线播放视 免费一级a毛片免费观看欧美大片 | 日韩欧美精品 | 亚洲成在人网站天堂一区二区 | 免费a级特黄国产大片 | 国产精品自在线 |