Shanghai to launch small-amount money exchanging service

时间：2007-03-07 01:40:37

（单词翻译:单击）

Chinanews, Shanghai, Mar1. 6 – The service that allows individuals in China to use Renminbi to exchange for a small amount of foreign currencies will be launched first in Pudong, Shanghai, on a trial basis. The proposal has been submitted to the central government, however, there was no timetable as to when the proposal would be approved, said Hu Pingxi, head of the Shanghai Branch of the People's Bank of China, or China’s central bank, when he attended the annual session of the National People’s Congress, China's top legislature, on Monday, the Shanghai Morning Post reported.

 

In Singapore and Japan, there are many institutions that can help individuals to use their domestic currencies to exchange for a small amount of foreign currencies. In China, however, individuals can now use Renminbi to exchange for a very limited amount of foreign currencies and such service is only available in banks.

 

Last year, the Shanghai Branch of the People's Bank of China once announced that it would learn experiences from the foreign currency management trial work done to multinational2 companies in Shanghai and would timely launch a new mode to manage foreign currencies in the special economic area. As part of this work, the Shanghai Branch of the People's Bank of China would choose some trial bases in Pudong area to launch the small-amount money exchanging service for individuals, as part of the work to push forward the ongoing3 comprehensive reform in Pudong.

 
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1 mar f7Kzq     
vt.破坏，毁坏，弄糟
参考例句：
  • It was not the custom for elderly people to mar the picnics with their presence.大人们照例不参加这样的野餐以免扫兴。
  • Such a marriage might mar your career.这样的婚姻说不定会毁了你的一生。
2 multinational FnrzdL     
adj.多国的，多种国籍的；n.多国籍公司，跨国公司
参考例句：
  • The firm was taken over by a multinational consulting firm.这家公司被一个跨国咨询公司收购。
  • He analyzed the relationship between multinational corporations and under-developed countries.他分析了跨国公司和不发达国家之间的关系。
3 ongoing 6RvzT     
adj.进行中的，前进的
参考例句：
  • The problem is ongoing.这个问题尚未解决。
  • The issues raised in the report relate directly to Age Concern's ongoing work in this area.报告中提出的问题与“关心老人”组织在这方面正在做的工作有直接的关系。

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