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HSBC, Standard Chartered two foreign banks received yesterday the China Banking Regulatory Commission's confirmation will soon be able to provide local residents not less than 100 million yuan each time deposits. This is the personal RMB business of foreign banks to enter the field the first step.

Foreign banks in accordance with regulations and implementation rules juicy couture Bikini, the local registration, local enterprises have been approved to operate RMB business of foreign bank branches, each can absorb a lot of citizens in China than 100 million yuan deposit.

But this does not mean that today people can go to Standard Chartered, HSBC had to save one million. Banks also need to change the business license until the completion of formalities before they can formally to local residents RMB deposit business.

Hong Kong Bank, said yesterday that soon will be in nine cities - Beijing, Dalian, Guangzhou, Qingdao, Shanghai, Shenzhen, Tianjin, Wuhan and Xiamen, the launch of the RMB deposit services. HSBC has been carried out in the nine cities of RMB services to local companies, foreign banks in the widest range of RMB services.

HSBC Richard Yorke mbt sport shoes, president of China operations mont blanc refills, said: HSBC will be able to fully carry out renminbi business with HSBC's international experience and expertise, we look forward to providing local residents and a wide range of international banking services. Japan, China Banking Regulatory Commission has accepted the first batch of HSBC, Citibank, Standard Chartered Bank, Bank of East Asia ugg bailey boots, Hang Seng Bank, Mizuho Corporate Bank of Japan, Singapore, DBS Bank, the Netherlands Bank asics gel kayano, eight branches of banks will be restructured into a corporate banking application. This is the first step in the approval process. CBRC will also review the data based on application conditions and prudential requirements, approved the establishment of decision making. It takes about 3 months or so.

Yorke said, is working with the CBRC and all relevant departments to maintain close communication and follow their guidelines and requirements for local registration procedures. And actively prepare to be registered in Shanghai.

President of China, Standard Chartered Bank has Xuan said, look forward to regulatory approval of their applications as soon as possible, they will use this opportunity to bring more products to consumers and services, including RMB business to local residents. Related Topics Articles：

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