商务英语阅读uit 14.pptVIP

Unit Fourteen Teaching Objectives 了解外国金融机构进入中国市场的途径与业务 了解外国金融机构进入中国后中国金融机构面临的挑战和发展机会 了解中国政府的应对措施 Teaching Emphases accession package financial institutions non-performing loan stake retail Content Text Fast Reading I Fast Reading II TEXT Chinas Door Now Wide-Open For Foreign Banks Pre-reading questions 1. Can you name some foreign banks in your city? 2. To do with increasing challenges from foreign competitors, what changes do you think have taken place on China’s banking industry? Along with domestic banks, foreign and joint venture banks have received licenses and foreign investment in foreign currency was permitted nationwide upon WTO entry. Close ties with local banks will help foreign banks to expand their customer bases quickly and establish niche positions in some market segments such as wealth management, retail, credit card, Internet banking and derivative businesses. China, in turn, hopes that the foreign presence will help introduce expertise and improve the corporate management of Chinese banks. According to a survey by Accenture, a global management consulting, technology service and outsourcing company, banks in Asia-Pacific are highly optimistic about the future growth prospects of retail banking, with nearly two thirds expecting annual growth in excess of 10 percent over the next three to five years. Due to the regions vast population, combined with dynamic economic growth and high saving rates, many banks have built up their retail lending portfolios aggressively and are varying their income streams. With income levels rapidly rising, many new borrowers are able to afford mortgage loans, auto loans and credit cards, and Asian banks are seizing the opportunity. Many have enhanced their services to satisfy their retail consumers and have strengthened their infrastructure in terms of technology and their branches, and are learning more about consumer behavior to sharpen their retail banking abili