State lender to go commercial

时间：2007-08-07 03:23:42

（单词翻译:单击）

Aug.6 - China Development Bank (CDB), the country's largest policy-oriented lender, has worked out a plan to transform itself into a full-fledged commercial bank.

 

As part of the proposed plan now being reviewed by the State Council, the country's cabinet, the CDB hopes to inject at least $20 billion as capital from Central Huijin Investment Corp to help the reform process, said a source who didn't want to be named.

 

"But the CDB and Central Huijin are yet to finalize1 the terms of their agreement because they are still in talks," the source said.

 

The CDB that recently backed the Barclays Bank of England financially in its bid for ABN Amro is a State-owned enterprise.

 

The National Audit2 Office (NAO) has already started auditing3 CDB's accounts, the source said.

 

Between now and next month, the NAO will determine the quality of the bank's assets and its management capability4 for using State capital.

 

But it's not clear how long CDB's restructuring process will take, BOC International Securities analyst5 Yuan Lin said.

 

The CDB is 100 percent owned by the State Council, with the Ministry6 of Finance acting7 as the representative of the shareholders8.

 

So it would be premature9 to say how the equity10 structure will change, Yuan said.

 

According to CDB's latest figures, the bank's net assets' value will increase from 158 billion yuan ($21 billion) to 300 billion yuan ($40 billion) or more after the capital investment from Central Huijin.

 
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1 finalize otRzVH     
v.落实，定下来
参考例句：
  • Let us finalize tonight.让我们今天晚上干完
  • 。At the same time,industrial designers work with engineers to finalize components and assembly.同时，工业设计师和工程师一道来完成部件和组装部分的工作。
2 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。
3 auditing JyVzib     
n.审计，查账，决算
参考例句：
  • Auditing standards are the rules governing how an audit is performed.收支检查标准是规则统治一个稽核如何被运行。
  • The auditing services market is dominated by a few large accounting firms.审计服务市场被几家大型会计公司独占了。
4 capability JsGzZ     
n.能力；才能；(pl)可发展的能力或特性等
参考例句：
  • She has the capability to become a very fine actress.她有潜力成为杰出演员。
  • Organizing a whole department is beyond his capability.组织整个部门是他能力以外的事。
5 analyst gw7zn     
n.分析家，化验员；心理分析学家
参考例句：
  • What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
  • The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。
6 ministry kD5x2     
n.(政府的)部；牧师
参考例句：
  • They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
  • We probed the Air Ministry statements.我们调查了空军部的记录。
7 acting czRzoc     
n.演戏，行为，假装；adj.代理的，临时的，演出用的
参考例句：
  • Ignore her,she's just acting.别理她，她只是假装的。
  • During the seventies,her acting career was in eclipse.在七十年代，她的表演生涯黯然失色。
8 shareholders 7d3b0484233cf39bc3f4e3ebf97e69fe     
n.股东( shareholder的名词复数 )
参考例句：
  • The meeting was attended by 90% of shareholders. 90%的股东出席了会议。
  • the company's fiduciary duty to its shareholders 公司对股东负有的受托责任
9 premature FPfxV     
adj.比预期时间早的；不成熟的，仓促的
参考例句：
  • It is yet premature to predict the possible outcome of the dialogue.预言这次对话可能有什么结果为时尚早。
  • The premature baby is doing well.那个早产的婴儿很健康。
10 equity ji8zp     
n.公正，公平，（无固定利息的）股票
参考例句：
  • They shared the work of the house with equity.他们公平地分担家务。
  • To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。

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