- 相关推荐
如何写作金融英语相关阅读指导四篇
金融英语相关阅读指导(一)
ICBC increases loans to small firms
The Industrial and Commercial Bank of China (ICBC), the nation's biggest commercial bank, said Tuesday it had granted 46.3 billion yuan (5.8 billion U.S. dollars) in loans to small firms in the first quarter this year.
The ICBC said the non-performing rate of loans to small businesses was below the average of all lending.
Some Chinese banks balk at extending loans to small businesses as they are commonly seen as credit risks, but the government is encouraging loans as small firms are contributing to economic growth.
The ICBC's outstanding loans to small firms stood at 102.3 billion yuan at the end of last month. These loans surged 70 percent in 2005.
The bank said in a statement its "key support" would be given for enterprises that boast quality products, advanced technologies, strong competitiveness in the market and sound prospects.
It would "strictly curb" projects not in line with government policies and industrial development.
China categorizes companies with annual sales of less than five million yuan as small enterprises.
金融英语相关阅读指导(二)
Foreign investors' bank bid left hanging
China is unlikely to allow foreign investors to purchase controlling stakes in its small and medium-sized banks, leaving Citigroup's bid to buy stakes in China’s Guangdong Development Bank hanging.
A source close to the banking regulator said that China was not likely to loosen its control of the banking sector, which currently restricts foreigners to a maximum of 25 per cent equity, with individual investors capped at 20 per cent.
"The case of Guangdong Development Bank has been looked into many times by the China Banking Regulatory Commission (CBRC) and other related administrations, and it is hard to break the present restrictions on foreign strategic investor issues," CBRC said in a letter to the Guangdong Municipal Government.
The Guangdong Development Bank has 26 branches in South China's Guangdong Province and is heavily in debt.
The bank's situation is believed to have prompted its owner, the provincial government, to support the foreign investment limit being waived for this deal, but top-level approval is also needed and it seems the central government is not willing to break the current restrictions . Citigroup’s spokeswoman in Shanghai, Marine Mao, said the bank would not comment. The world's leading bank and its local partners bid US$3 billion for an 85 per cent stake in the Guangdong Development Bank in December.
Its competitors, France's Societe Generale and China’s Ping An Insurance (Group) Co, offered less for the bank.
Earlier the Shanghai based China Securities News reported that Jiang Dingzhi, vice-president of CBRC said on the Boao Forum that CBRC had no plans to adjust the restrictions on foreigners' equity holding in the bank sector and would not change the policy in the near future.
"The Guangdong Development Bank restructure solution is still under study," the paper quoted Jiang as saying.
China has introduced foreign strategic investors to its banking sector, as it believes foreigners' technological expertise and corporate governance standards are as important as the cash they bring to its local banks.
China Construction Bank launched a US $9.2 billion IPO in Hong Kong last October and the Bank of China is believed to be planning to raise about US$8 billion in a Hong Kong IPO in May.
The Industrial and Commercial Bank of China, the country's largest lender, hopes to follow by the end of the year with an IPO that bankers say could raise US$10 billion or more.
All three lenders have sold shares prior to their listings to foreign strategic investors to draw on their expertise.
However, criticism has mounted since then, with some saying China is selling stakes in the country's banks too cheaply and counting too much on foreigners.
Following the criticism, Premier Wen Jiabao said on March 14 the Chinese Government must keep control over its State-owned banks to minimise the risk of losses while the financial system was being reformed.
If Citigroup wins the bid, it would become the first overseas investor to buy control of a State-owned bank in China.
金融英语相关阅读指导(三)
Missouri's First Bank Acquires Insurance Brokerage
First Bank, a wholly owned subsidiary of First Banks, Inc. (St. Louis), has acquired Adrian N. Baker & Company, a large, privately owned independent insurance brokerage company based in Clayton, Missouri that provides a range of employee benefits, and commercial and personal insurance services.
First Banks, with assets of $9.17 billion, operates 178 branch banking offices in California, Illinois, Missouri and Texas.
First Banks is basically new to the insurance brokerage area. It had only $23,000 in insurance revenues in 2005, according to the Bank Insurance Market Research Group.
"First Banks' affiliation with Adrian Baker provides a significant opportunity to enter this highly-specialized financial services arena with a partner that has established a long and proven history within the insurance industry,“ said Terrance M. McCarthy, Chief Operating Officer of First Banks. Adrian Baker has been in business for over 65 years.
Under the terms of the agreement, First Bank will acquire all of the outstanding shares of common stock of Adrian Baker. The transaction was scheduled to close on March 31, 2006.
金融英语相关阅读指导(四)
New Insurance Chief at Union Bank
Union Bank of California, N.A. (San Francisco) has named Michael A. Janes as chief executive officer of its insurance subsidiary, UnionBanc Insurance Services Inc., one of the 30 largest insurance agencies in the United States. Janes joins the agency from Hilb, Rogal & Hobbs Co. where he was regional director of its West Coast operations.
UnionBanc Insurance Services Inc. recently announced the consolidation of its insurance operation under the UnionBanc Insurance Services umbrella. The new agency will be co-branded with the three original agencies of Armstong/Robitaille Business and Insurance Services, John Burnham Insurance, and Tanner Insurance Brokers.
The insurance operation currently has nine offices located in San Diego, Irvine, Fullerton, Glendale, Pleasanton, San Rafael, Stockton, Sacramento—all in California——and in Portland, Oregon. Annual revenue exceeds $80 million and the company employs 415 insurance professionals. The agency has focused on selling commercial property and casualty insurance but recently announced that it plans to expand its personal insurance offerings. The bank also intends to begin distributing life insurance in-house soon (rather than through external wholesalers).
Union Bank of California is a subsidiary of UnionBanCal Corporation. UnionBanCal (assets $49.4 billion) was cited as a 'Top 10' institution in the 2005 Edition of Who's Who in Bank Insurance.
【如何写作金融英语相关阅读指导】相关文章：
金融英语阅读07-01
阅读教学中的写作指导07-02
金融英语阅读《股权融资》07-01
金融英语阅读《衍生工具》07-01
金融英语的就业前景如何？07-14
英语阅读方法指导高中生07-09
英语四级考试写作指导07-04
英语四级考试的写作指导07-04
名师指导英语四级考试写作07-04