日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

Citigroup to focus on SMEs

By Wang Zhenghua (China Daily)
Updated: 2007-03-15 08:41

Citigroup Inc, the biggest US bank, will step up efforts to court Chinese small and medium-sized enterprises (SMEs) as its business in that sector generated triple-digit growth last year.

The first group of overseas lenders will soon be issued with licenses to conduct business as local entities, after which they will compete with domestic rivals in various fronts, especially in renminbi retail business, wealth management and corporate financing.

Citigroup, which holds stakes in Shanghai Pudong Development Bank and Guangdong Development bank, plans to add about 1,000 workers to its China operations this year, boosting its staff strength in the country to around 4,000, the lender's chief executive for China business, Richard Stanley, said yesterday.

He also said Citigroup was keen to engage in brokerage business and would launch the operation once regulatory restrictions are removed.

But the lender, which runs 16 outlets across China, has decided to expand heavily its SME business and broaden client relationships in southern, eastern and northern China.

"Although SMEs have become a powerful impetus behind China's fast-growing economy, they still face difficulties in addressing various operational and financing issues," said Henry Zhang, China's commercial banking head at Citigroup.

Figures released by the China Banking Regulatory Commission this week indicated that outstanding bank lending to Chinese SMEs reached 5.35 trillion yuan at the end of 2006, an increase of 15.8 percent from the beginning of the year.

SMEs, usually companies with annual revenues of less than 30 million yuan, accounted for only 23.7 percent of total yuan loans, though last year's growth rate was slightly higher than the 15.07 percent rate for all loans.

The overall non-performing loan ratio at Chinese commercial banks was 7.09 percent at the end of December.

Even though Chinese banks are usually less enthusiastic when it comes to SMEs, the sector has aroused the interest of many overseas lenders.

HSBC, Europe's biggest bank, aims to attract smaller enterprises with products and services designed for them, according to Neil Tottman, head of commercial banking at HSBC China.

Britain's Standard Chartered last year launched a new initiative to offer financial solutions to SMEs in China and Africa venturing abroad.


(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 国产精品精品久久久久久 | 成人激情视频在线播放 | 免费99精品国产自在在线 | 亚洲精品国产精品国自产 | 免费中文字幕视频 | 国产一区二区三区视频 | 成人va视频| 爱爱久久 | 久久久久久久久久久久国产精品 | 久久激情影院 | 久久久精品福利 | 精品在线免费观看 | 日本a免费 | 国产日韩欧美视频在线观看 | 日韩欧美亚洲一区二区 | 国产视频一二 | 青青草原在线免费观看视频 | 青青草综合网 | 免费观看毛片网站 | 欧美成人激情在线 | 国产精品亚洲一区二区三区 | 免费福利视频在线观看 | 超碰综合在线 | 天天插综合 | 国产第一页在线播放 | 华人在线视频 | 久久久午夜影院 | 91黄色免费网站 | 久久久午夜视频 | 日韩精品国产精品 | 午夜免费观看 | 亚洲伦理在线 | 免费古装一级淫片潘金莲 | 亚洲啪啪精品 | 午夜视频免费在线 | 伊人网国产 | 国产成人免费观看 | 欧美精品一二三四区 | 日本久久久久久久 | 国产免费一级 | 亚洲欧美一区二区三区四区 |