FINANCE SHOULD JOIN THE GLOBALIZATION
AsiaInfo Services, October, 2001
AsiaInfo Services 10-01-2001 Finance Should Join the Globalization CHINA, Oct 01, 2001 (AsiaPort via COMTEX) -- In the sixth World Chinese Business Reference, Dai Xianglong, the president of People's Bankof China pointed out that, after China join the WTO, Chinesefinance will further broaden its openness and participate theeconomic finance globalization process at a deeper level. He said, China will fulfill the promises in the aspect of finance openness after China enter WTO.
According to the promises, in the year joining WTO, China will allow all the foreign banks to conduct the business of foreign bills. After 5 years, China allow the foreign bank to deal with the business of RMB. He said, in the region permitted, each year china will add a number of cities...
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