Faltering start for the new FacebookGlitches delayed the opening of trading and underwriters had to intervene to prevent the group?s shares falling below the $38 price set on ThursdayMurdoch quashes talk of UK paper spin-offNews Corp?s chief has moved to quash talk about selling its tainted UK newspaper business, saying publishing would remain ?a core component?Alibaba nears buyback deal with YahooThe deal under discussion would involve the US group selling about $7bn of its stake in the Chinese ecommerce group, valuing Alibaba at $35bnAlarm delay ?critical? says Concordia probeCaptain of giant cruise ship took more than an hour to alert the passengers after ship hit rocks off Italian island of Giglio
bank and reserve 100 Million Yuan for every branch.
The new regulations (effective from December 11 2006) are designed to realize one of the last commitments made by China while the country joined WTO five years ago for opening up its banking sector to global competition. Executives of overseas banks have, however, complained that increased capitalization and other requirements are likely to slow their ability of setting up broad branch networks.
As per the views expressed by a senior Research Analyst at RNCOS, who has recently researched a report on "China Banking Sector Analysis (2006-2009)", the new rules will enable foreign banks access local currency retail market and will subject them to several similar regulatory requirements like that of local banks, while there'll be some tougher restrictions.
"China Banking Sector Analysis (2006-2009)" report also addresses some interesting issues that are critical to the success of those venturing in to banking sector in China, such as:
·Get insight into the trends in market performance.
·Pinpoint sectors of growth and identify the driving factors.
·Opportunities, Strategies and challenges in Chinese banking industry.
·Identify market, brand leaders, and understand the competitive environment in banking sector in China.
About the report:
A must read for investors, researchers, businesses and individuals who are closely monitoring the developments in China banking sector, this report provides extensive research and objective analysis on the growing banking industry, their product quality, and their services in India. It helps clients to analyze the leading-edge opportunities critical to the success of the banking industry in China.
For more information visit: http://www.rncos.com/Report/IM056.htm
Current Industry News: http://www.rncos.com/blog
We provide global business information for industry research, business consulting, & bring reputed companies and firms to us for business enhancement solutions.
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