海外拓展外文翻譯-其他專(zhuān)業(yè)-在線(xiàn)瀏覽
2025-03-24 03:48本頁(yè)面
【正文】 Annual Conference of International Finance Forum just concluded on November 8. If the acquisition is closed smoothly, it will be a milestone for China39。s undoubtedly an effective way to lower risks. Bigger and stronger The twoway opening up of China39。s opinion seriously if he had expressed it several years ago when almost all China39。s banking industry in recent years, said Peng. China39。s first, fifth and sixth largest listed banks by market value. It has been a must choice for Chinese enterprises eager to overe their development bottleneck to invest overseas in order to obtain resources, energies, brand influence and sales channels, and the banking sector is no exception. It39。s bullish stock markets and excess foreign exchange reserves. By the end of the third quarter this year, China39。s largest. China still faces severe liquidity. The injection of money was billion yuan ($ billion) for the first three quarters of this year, a yearonyear increase of billion yuan ($ billion). As a solution, the government has founded the China Investment Corp. to soak up excess liquidity and at the same time moderately released liquidity and increased qualified domestic institutional investor (QDII) quotas to encourage the outflow of capital from China. Against this backdrop, Chinese banks could avoid risks in the exchange rate market and help to ease the pressure on the government from its huge forex reserves through overseas assets acquisition, said Guo. Cai Esheng, Vice Chairman of the China Banking Regulatory Commission (CBRC), made it explicit that the CBRC would actively encourage and support Chinese financial institutions to seek overseas expansion. Stepping stones to success Crossborder mergers and acquisitions have been a major method for a majority of Chinese banks to tackle overseas markets in recent years, said Yang. The world39。s market share, said Xia. An impressive size endows a bank with a petitive edge, and acquisition also helps a bank to save resources, optimize resource allocation, increase its market shares, lower its operational costs and augment its profits. Burgeoning markets are the targets of acquisition for many Chinese banks. ICBC will particularly keep an eye on the emerging markets because of the high growth and development potential there, said Jiang Jianqing, ICBC39。s Standard Bank. Besides, the banking sector in these markets opens up faster to allow in more and more crossborder acquisitions. China39。s Overseas Branch Department, pointed out. But for China39。 overseas expansion is high bidding. Even some large mature banks will make such mistakes, said Luo, citing the famous deal of the Development Bank of Singapore (DBS) acquiring H
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