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最新【精品】范文参考文献专业论文NEWSBRIEFSNEWSBRIEFSForeignbanksarestillindifferenttowardsShanghaiFreeTradeZoneAlthoughtheChinesegovernmentisacceleratingitsexaminationandapprovalprocesstoencourageforeignbankstosetupbranchesintheShanghaiFreeTradeZone,theforeignbanksseemnottobeexcitedbythisnews.AttheendofSeptember,thefreetradezonewasofficiallylaunched.Bythentenbankshadsubmittedtheapplicationstosetupbranchesinthisarea,butonlytwoofthemwereforeignbanks–CitigroupandDBSBank.Asourcesaysthatthe“governmentisexpectingmorebanks,especiallyforeignbanks,toextendtheirarmstothefreetradezone.SincetheswarmingforeignbankscanhelptoestablishtheimageofShanghaiastheglobalfinancialcenter”.InAugustandSeptember,theShanghaibranchofChinaSecuritiesBankingCommissionheldseveralconferenceswithadozenofforeignbanks,inwhichtheorganizationtransmittedtheChinesegovernment’swilltoencourageforeignbankstosetupbranchesintheShanghaiFreeTradeZone.Thewatch-dogevensentquestionnairestoforeignbankstoknowwhattheyexpectandfearinthefreetradezone.Abankersaysthat“foreignbanksmostlyworryaboutwhethertheyarefairlytreatedinthefreetradezone”.ItisknownthattheChinesegovernmentisgoingtoallowqualifiedforeignbankstosetupbranchesandsubsidiaryinstitutionsinthefreetradezone.Itisalsostudyinginshorteningtherequiredtermofupgradingforeignbanks’representativeofficesintobranches.Inreturn,foreignbanksstationedinthefreetradezonemusthaveacomplete“differentiated”internalobediencesystem,riskmanagementandHRfacilities.Theaforementionedbankersaysthatthesethingscostmoney.ItishardtopersuadetheheadquarterstoincreasethebudgetinChina.Firstly,theymustbeconvincedthattheincreasinginvestmentisveryimportant;secondly,theyneedtobetoldabouthowlongtheycanmakeprofitsfromtheirinvestment.HSBC,StandardCharteredandUnitedOverseasBankactuallysharethesameattitudestowardsthesetupofbranchesinthefreetradezone.Theyareveryinterestedinthismatterbuttheyareinnorushtodothis.Theywanttowaitformoredetailedrulesandtheperformanceoftheirpredecessors.ChristineIp,CEOofUnitedOverseasBank