Central Bank's Xiang to head Agri Bank

时间：2007-07-19 00:44:01

（单词翻译:单击）

July 17 - A vice1-governor of China's central bank, Xiang Junbo, is expected to take the helm at the Agricultural Bank of China (ABC) to steer2 it through its shareholding3 reform in order to secure a market listing.

 

It is not clear what post the People's Bank of China's Xiang will take but Caijing magazine, a leading financial publication, reported that the 50-year-old would be appointed as the governor and the chairman of the board upon the accomplishment4 of the shareholding reform.

 

Analysts5 say the new appointment will not lead to immediate6 moves such as inviting7 in strategic investors8 or financial restructuring as the bank is widely known to be the worst hit by massive lending to the rural sector9, with a non-performing loan rate of 23.43 percent at the end of 2006, far higher than those of the other three state commercial banks, which have all been listed in Hong Kong and domestic A share markets.

 

Before being promoted to the post of vice-governor of the People's Bank of China in July 2004, Xiang spent eight years with the National Audit10 Office. His background will be constructive11 to strengthening the risk control of the ABC, analysts say.

 

China initiated12 the reform of the "big four" banks after the first national financial work conference in 1997. The China Construction Bank took the lead in market listing in October 2005, followed by the Bank of China last year.

 

The Industrial and Commercial Bank of China, the country's biggest lender, staged a dual13 debut14 in both Hong Kong and Shanghai bourses on Oct. 27.

 

All three have followed the steps of government capital injections, dealing15 with non-performing loans, establishing shareholding companies, introducing strategic investors and seeking opportunities for listing.

 

Up to 70 billion U.S. dollars would be needed to clear the bank's non-performing loans before it could meet overseas listing standards, analysts have said.

 

Su Ning, vice governor of the People's Bank of China, replaced Xiang as the chief of the Shanghai Head Office of the PBOC, a central bank statement said on Monday.

 
分享到：


点击收听单词发音收听单词发音  

1 vice NU0zQ     
n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的
参考例句：
  • He guarded himself against vice.他避免染上坏习惯。
  • They are sunk in the depth of vice.他们堕入了罪恶的深渊。
2 steer 5u5w3     
vt.驾驶，为…操舵；引导；vi.驾驶
参考例句：
  • If you push the car, I'll steer it.如果你来推车，我就来驾车。
  • It's no use trying to steer the boy into a course of action that suits you.想说服这孩子按你的方式行事是徒劳的。
3 shareholding d50815e5b4fdfade1f68dd62ed15450a     
n.股权
参考例句：
  • Shareholding commercial banks must exercise an independent system of board of directors. 股份制商业银行必须实行独立董事制度。 来自互联网
  • Asset re-structuring: to conduct shareholding reform for high quality assets. 资产重组：对优质资产进行股份制改造。 来自互联网
4 accomplishment 2Jkyo     
n.完成，成就，（pl.）造诣，技能
参考例句：
  • The series of paintings is quite an accomplishment.这一系列的绘画真是了不起的成就。
  • Money will be crucial to the accomplishment of our objectives.要实现我们的目标，钱是至关重要的。
5 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家，化验员( analyst的名词复数 )
参考例句：
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
6 immediate aapxh     
adj.立即的；直接的，最接近的；紧靠的
参考例句：
  • His immediate neighbours felt it their duty to call.他的近邻认为他们有责任去拜访。
  • We declared ourselves for the immediate convocation of the meeting.我们主张立即召开这个会议。
7 inviting CqIzNp     
adj.诱人的，引人注目的
参考例句：
  • An inviting smell of coffee wafted into the room.一股诱人的咖啡香味飘进了房间。
  • The kitchen smelled warm and inviting and blessedly familiar.这间厨房的味道温暖诱人，使人感到亲切温馨。
8 investors dffc64354445b947454450e472276b99     
n.投资者，出资者( investor的名词复数 )
参考例句：
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
9 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。
10 audit wuGzw     
v.审计；查帐；核对；旁听
参考例句：
  • Each year they audit our accounts and certify them as being true and fair.他们每年对我们进行账务审核，以确保其真实无误。
  • As usual,the yearly audit will take place in December.跟往常一样，年度审计将在十二月份进行。
11 constructive AZDyr     
adj.建设的，建设性的
参考例句：
  • We welcome constructive criticism.我们乐意接受有建设性的批评。
  • He is beginning to deal with his anger in a constructive way.他开始用建设性的方法处理自己的怒气。
12 initiated 9cd5622f36ab9090359c3cf3ca4ddda3     
n. 创始人 adj. 新加入的 vt. 开始，创始，启蒙，介绍加入
参考例句：
  • He has not yet been thoroughly initiated into the mysteries of computers. 他对计算机的奥秘尚未入门。
  • The artist initiated the girl into the art world in France. 这个艺术家介绍这个女孩加入巴黎艺术界。
13 dual QrAxe     
adj.双的；二重的，二元的
参考例句：
  • The people's Republic of China does not recognize dual nationality for any Chinese national.中华人民共和国不承认中国公民具有双重国籍。
  • He has dual role as composer and conductor.他兼作曲家及指挥的双重身分。
14 debut IxGxy     
n.首次演出，初次露面
参考例句：
  • That same year he made his Broadway debut, playing a suave radio journalist.在那同一年里，他初次在百老汇登台，扮演一个温文而雅的电台记者。
  • The actress made her debut in the new comedy.这位演员在那出新喜剧中首次登台演出。
15 dealing NvjzWP     
n.经商方法，待人态度
参考例句：
  • This store has an excellent reputation for fair dealing.该商店因买卖公道而享有极高的声誉。
  • His fair dealing earned our confidence.他的诚实的行为获得我们的信任。

©2005-2010英文阅读网