www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Lenders bank on European growth

By Cecily Liu (China Daily) Updated: 2015-03-16 07:44

Leading Chinese institutions are seamlessly transitioning into the global financial system by establishing branches across Europe

Lenders bank on European growth

Industrial and Commercial Bank of China's office in Luxembourg. [Cecily Liu/China Daily]

Chinese banks are increasingly expanding into Europe to better internationalize the renminbi and integrate China's financial services into the global financial system.

The expansion has provided European investors opportunities to invest in China's domestic market and Chinese banks in Europe the flexibility to contribute to the continent's development of offshore renminbi activities, which is increasingly important for international trade and finance.

The largest Chinese banks currently have overseas operations in major European financial centers such as London, Frankfurt, Paris and Luxembourg.

In Luxembourg, for example, Bank of China, Industrial and Commercial Bank of China and China Construction Bank have already established their European headquarters. BOC was the first Chinese bank to open a branch in the city, back in 1979.

In 1991, BOC then opened a subsidiary in Luxembourg to prepare for the bank's expansion into other European countries using the European Union's single passport policy. Five branches managed by BOC Luxembourg were subsequently established in Rotterdam, Brussels, Warsaw, Stockholm and Lisbon.

ICBC's expansion in Luxembourg follows a similar path. It established a representative office in 1998, which was quickly upgraded to a branch in 1999. In 2006, ICBC established a subsidiary in Luxembourg to prepare for the bank's continental expansion.

In October 2013, China Construction Bank became the third Chinese lender to set up European headquarters in Luxembourg.

Nicolas Mackel, CEO of Luxembourg for Finance, an agency for the nation's development of the financial center, said the expansion of Chinese banks in Luxembourg has played a key role in helping the landlocked country grow its offshore renminbi activities. He said that Chinese banks have greatly contributed to the city's renminbi deposits and loans.

Mackel said a number of European financial hubs are cooperating by building off each of their strengths to create offshore renminbi activities.

Luxembourg's strengths, for example, in fund management, asset management and bond listing, help explain the high number of Luxembourg-incorporated funds investing in China and the large number of dim sum bonds-bonds issued outside China but denominated in the yuan-listed on the Luxembourg Stock Exchange.

BOC was also the first Chinese bank to establish in London. It opened an agency office in November 1929 with five employees and upgraded it to a branch in 1946.

BOC's footsteps in London have, in recent years, been followed by a number of Chinese banks, including private banks such as Shenzhen-based China Merchants Bank and Shanghai-based SPD Bank, both of which have established representative offices in London.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 日韩国产欧美在线观看一区二区 | 日本一区二区不卡视频 | 久久久精品在线观看 | 国产99视频精品免视看7 | 久久亚洲国产成人亚 | 成 人免费视频l免费观看 | 男人都懂的网址在线看片 | 日本成人免费观看 | 日本一区二区免费在线观看 | 欧美成人观看视频在线 | 草草久| 亚洲不卡视频在线观看 | 亚洲国产剧情在线精品视 | 青青久草 | 九草在线观看 | 成人免费观看永久24小时 | 免费一级真人毛片 | 国产99精品一区二区三区免费 | 久久久成人影院 | 亚洲精品美女国产一区 | 精品视频在线免费播放 | 精品国产三级a | 成年女人毛片 | 免费精品在线 | 欧美aaaaa激情毛片 | 免费观看黄色毛片 | rion美乳弹出来四虎在线观看 | 久久久久久久国产精品 | 国产一进一出视频网站 | 亚洲免费大全 | 欧美一区二区在线视频 | 午夜啪啪福利视频 | 亚洲国产剧情在线精品视 | 国产网站免费在线观看 | 在线欧美成人 | 亚洲精品午夜一区二区在线观看 | 国产午夜精品一区二区三区不卡 | 国产一级一级一级成人毛片 | 99视频在线看观免费 | 日韩精品一区二三区中文 | a级毛片在线视频免费观看 a级免费 |