Foreign banks business in China to grow by 20% in '07

时间：2007-05-15 01:39:00

（单词翻译:单击）

Chinanews, Shanghai, May 14 – Global consulting firm Price Waterhouse Coopers issued a report about foreign banks in China last Thursday. The report says that as the middle class group in China continues to expand, as investment of foreign banks in China continues to grow, and as China further opens its banking1 sector2 to the outside world, as it once committed to WTO, foreign banks business in China will increase during this process. Most foreign banks mentioned in the report predict that their business in China will grow by at least 20% this year.

 

The report covers 40 foreign banks that have launched business in China. All the 40 banks are optimistic about their business prospect3 in China and determined4 to expand their bank business in China. It is expected that by 2010, the total assets of these banks will double the current figure to reach 100 billion US dollars and the net profit of these banks will quadruple.

 

As competition intensifies5, most foreign banks now face two major problems in their business development in China: human resource flow and regulation control. The report shows that 35% of the foreign banks say their human resource flow rate reaches 15-20%, and two-thirds of them say their human resource flow rate exceeds 15%. Most banks offer lucrative6 salaries to try to keep their staff stay in the company.

 

At present, all these 40 foreign banks have hired a total of 16,752 employees. The foreign banks expect that by 2010, the number of their staff will reach 35,685, increasing by 113%. Many foreign banks have assigned some professional, well-trained staff members from departments in other countries to China in order to support the company’s business development in China.

 
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1 banking aySz20     
n.银行业，银行学，金融业
参考例句：
  • John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
  • He possesses an extensive knowledge of banking.他具有广博的银行业务知识。
2 sector yjczYn     
n.部门，部分；防御地段，防区；扇形
参考例句：
  • The export sector will aid the economic recovery. 出口产业将促进经济复苏。
  • The enemy have attacked the British sector.敌人已进攻英国防区。
3 prospect P01zn     
n.前景，前途；景色，视野
参考例句：
  • This state of things holds out a cheerful prospect.事态呈现出可喜的前景。
  • The prospect became more evident.前景变得更加明朗了。
4 determined duszmP     
adj.坚定的；有决心的
参考例句：
  • I have determined on going to Tibet after graduation.我已决定毕业后去西藏。
  • He determined to view the rooms behind the office.他决定查看一下办公室后面的房间。
5 intensifies ea3e6fadefd6a802a62d0ef63e69bace     
n.（使）增强， （使）加剧( intensify的名词复数 )v.（使）增强， （使）加剧( intensify的第三人称单数 )
参考例句：
  • A clear atmosphere intensifies the blue of the sky. 纯净的空气使天空变得更蓝。 来自《简明英汉词典》
  • Blowing on fire intensifies the heat. 吹火使热度加强。 来自《简明英汉词典》
6 lucrative dADxp     
adj.赚钱的，可获利的
参考例句：
  • He decided to turn his hobby into a lucrative sideline.他决定把自己的爱好变成赚钱的副业。
  • It was not a lucrative profession.那是一个没有多少油水的职业。

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