| BeijingĄ¯s Foreign Bank Investigation Trip to Germany and France Receives Important Effects |
| 2/5/2007 1:1:0 CBD Administration Committee |
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From Jan. 22nd to 28th, the Foreign Bank Working Group organized by the municipal State-owned Assets Supervision and Administration Commission according to related instructions from the municipal government, went to Germany and France to attract foreign banks setting up corporative banks in Beijing.
During the trip, the Working Group visited Deutsche Bank, Societe Generale, BNP Paribas, Credit Agricole Asset Management, Credit Agricole, exchanged ideas with top leaders in these banks directly, publicized the advantages for Beijing and CBD to develop financial industry, communicated face-to-face with departments and principals that involve in the study and decision making of foreign banks' development in China, dispelled some misunderstanding to Beijing, strengthened foreign banksĄ¯ confidence to register corporative banks in Beijing and reached common understanding with foreign banks. This trip received positive effects. Foreign banks said that the visit was just in time because they were taking positive consideration in different aspects, and would release clear information about setting up corporative banks in the near future.
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