Foreign banks can do digital currency transactions
Publish: 2021-05-03 14:10:35
1. In December 1996 and August 1998, China allowed qualified foreign banks to set up RMB business in Pudong, Shanghai and Shenzhen. When China joined the WTO in December 2001, it cancelled the geographical and customer restrictions for foreign banks to handle foreign exchange business. At the same time, it promised to graally cancel the geographical restrictions for foreign banks to operate RMB business. Finally, it will cancel all geographical restrictions within five years after China's accession to the WTO and allow foreign banks to provide services to all Chinese customers, including domestic residents. As promised, China has opened Shenzhen, Shanghai, Dalian, Tianjin, Guangzhou, Wuhan, Cheng and Chongqing to foreign banks. Beijing, Xiamen, Shenyang, Xi'an and other 18 cities. At the same time, China's supervision of foreign banks is also constantly adjusted and improved, foreign banks graally lift the shackles, through the initial acclimatization, and graally pose a new challenge to Chinese banks< As of the end of October 2004, a total of 62 banks from 19 countries and regions have set up 204 business institutions in China. 105 foreign banks have been approved to operate RMB business, of which 61 are approved to operate RMB business of Chinese enterprises; By the end of October 2004, the total assets of foreign banks in China had reached 66.86 billion US dollars, accounting for about 1.8% of the total assets of China's banking financial institutions. The loan balance was 32.3 billion US dollars. The market share of foreign exchange loans accounted for 18%, and the non-performing rate was 1.3%. The pre tax profit of the first 10 months was 1.74 billion yuan. Foreign banks have become an important part of China's financial instry
according to the current laws and regulations, foreign banks are still subject to some restrictions to fully open RMB business. For example, they can only apply for the establishment of one branch within one year, they need to open RMB business for more than three years and make profits continuously in the two years before the application. In terms of business scope, the RMB business that foreign banks can set up is also limited to: absorbing deposits, issuing loans, handling bill acceptance and discount, providing letter of credit services and guarantees, handling domestic and foreign settlement, trading. Acting for foreign exchange trading, foreign exchange and interbank lending. Due to various restrictions, the scale of RMB business of foreign banks is still small, but the expansion of foreign banks is rapid. In recent years, the total amount of RMB assets is growing at a double-digit rate every year< As far as retail business is concerned, personal foreign exchange business has been opened to foreign banks since China joined WTO in 2001; The RMB business of non residents is also open to foreign investment when Opening RMB business; The RMB business of domestic residents will not be opened until after 2006. Before 2006, the impact of foreign banks on retail business of Chinese banks was limited to indivial foreign exchange business. In this regard, foreign banks have begun to emerge. All 10 branches of HSBC in China have launched foreign exchange business for domestic residents. In 2004, the market share of personal foreign exchange remittances and remittances of 11 foreign banks in Xiamen reached 23.9% and 49.7% respectively, of which the market share of HSBC was 8.5% and 20.8% respectively, which was only lower than that of Bank of China. In terms of personal foreign exchange financing business based on foreign exchange derivatives, foreign banks are also eating into the market share of high-end personal foreign exchange customers of Chinese banks
RMB retail business is more attractive and challenging to foreign banks. The rapid expansion of foreign banks in corporate RMB business and personal foreign exchange business may repeat itself in domestic RMB business in the future< Second, the competition situation in the future. With the opening of China's banking instry to foreign investment in 2006, foreign banks, which have high hopes for the retail market in the mainland, have accelerated their distribution in the Chinese market. The competition between Chinese and foreign banks will evolve from mutual peace to more confrontation. The competition between the two sides in terms of customers, procts, channels and talents will be more intense
in terms of customers, the current customers of foreign banks are mainly expatriates in China. In the future, the Chinese in Hong Kong, Macao and Taiwan will focus on the high-income groups in China's rich cities, such as private entrepreneurs and senior managers
in terms of procts, at present, the business focus of foreign banks is mainly on financing and international settlement. Deposit and loan, guarantee, remittance, etc. In recent years, foreign banks have launched more than 100 kinds of procts and services to the Chinese market, which is more than three times that of domestic commercial banks, showing the advantages of foreign banks in proct development and innovation. In terms of personal banking, foreign banks are good at providing credit card, private loan, mortgage, deposit and wealth management services, and retail business often generates more than 50% of profits. In the future, foreign banks will make full use of their technology, experience, brand and talents to innovate and promote more procts< Chinese banks will be greatly impacted in the following aspects:
(1) personal financial services
ordinary retail financial services rely on the support of institutional outlets, and foreign banks will focus on the competition of high-income groups from the perspective of human cost and other benefits. Since 2002, foreign banks which have been allowed to operate personal foreign exchange business have set up financial management centers one after another to seize the attractive cake of high-quality customers through private financial management business. Citigroup. HSBC, Standard Chartered, East Asia, Hang Seng and other foreign banks have set up financial management centers in China to provide customers with complete services including marriage, funeral, ecation, health insurance, property investment management, moving, tourism and retirement plan management. Although the foreign banks with all-round banking system can not give full play to the advantages of their group in the mixed operation of banking, securities and insurance in China, they still have a new investment concept. Mature wealth management tools, professional financial talents and rich operational experience make foreign banks familiar with personal finance, and their entry will accelerate the loss of high-quality customers of Chinese banks< At the end of October 2004, China's foreign exchange deposits reached 158.4 billion US dollars, including 83.6 billion US dollars of residents' foreign exchange savings deposits. With the drastic change of exchange rate and the frequent adjustment of foreign currency interest rate, both residents and banks have the demand to open indivial foreign exchange transactions. In 2003, Citibank's "Youli account" and Standard Chartered Bank's "Huili account" have been tested in Shanghai and other big cities. After the CBRC issued the "Interim Measures for the administration of derivatives trading business of financial institutions" in 2004, Citibank, Standard Chartered Bank, HSBC and other 24 banks have successively obtained the qualification of derivatives. BNP Paribas has also set up a trading office in Shanghai. Foreign exchange structured procts launched by foreign banks have caused the loss of foreign exchange savings of Chinese banks. In the increasingly important personal foreign exchange market, foreign banks have an advantage, while Chinese banks do not have the ability to independently develop and manage derivatives. They can only act as sales representatives of foreign banks' procts in a back-to-back way, which is inevitable to be controlled by others< (3) credit card business
credit card is not only the financial proct with the highest daily usage rate of customers, but also the best carrier of new bank procts. China's credit card market is very attractive to foreign banks. At present, the CBRC is working with relevant departments to draft regulations on the management of bank cards to promote the card issuing business of foreign banks. Before being allowed to issue cards separately, foreign banks have joined hands with domestic partners to enter the credit card business. After Citigroup and Shanghai Pudong Development Bank established a strategic alliance partnership in 2003, Shanghai Pudong Development Bank officially launched the first al currency credit card in the mainland with management and technical support from foreign banks in February 2004, marking that foreign banks have formally entered the credit card market in the mainland of China. In December 2004, Citigroup PUFA changed its condescending attitude and announced that it would both lower the application threshold for general card and gold card, and expand the card issuing cities from Shanghai, Shenzhen and Guangzhou to 10 cities. In addition, the shenka international credit card created by the cooperation between HSBC and Bank of Shanghai and the instrial credit card created by the cooperation between Instrial Bank and Hang Seng Bank also appeared in 2004. After HSBC took a share in Bank of communications in August 2004, the two banks set up a Pacific Credit Card Center, which is expected to start issuing cards in the first quarter of 2005; In December 2004, American Express also cooperated with ICBC to launch peony express card
the joint card issuing enables foreign banks to bypass the restrictions of RMB objects and regions and enter the RMB retail market ahead of time, bringing pressure to other Chinese banks. Foreign banks get familiar with the domestic market through cooperative card issuing, and make a good market for independent card issuing in the future. Prepare for brand and publicity. At present, the UnionPay gold card project in large and medium-sized cities in China provides convenience for all banks to share network outlets and equipment resources. After foreign banks independently issue cards, they can save time and cost of laying the domestic network, and the competition of credit cards will become more intense< (4) personal credit business
in recent years, great changes have taken place in people's consumption concept and consumption structure, and the volume of bank consumer credit business is also on the rise. In the initial stage of personal consumer credit in China has a lot of development space. Foreign banks have advantages in building mortgage, auto finance and other businesses. At present, foreign banks such as HSBC, Standard Chartered, Citigroup and East Asia have carried out housing mortgage loan business for foreigners in Beijing, Shanghai and Hangzhou. In the domestic situation of tightening real estate credit and raising interest rates, foreign banks have taken up half of the export real estate mortgage market in some cities with the advantages of low loan interest rate, flexible loan ratio and term, more optional currencies and perfect services. In terms of auto finance, in 2004, Volkswagen finance and SAIC general finance have already started business, and the other three auto finance companies are also under preparation. After foreign banks were allowed to provide auto credit to Chinese residents in 2006, Chinese banks will face the risk of further loss of business
in terms of channels, foreign banks will increase their outlets, open online banking and merge domestic banks to enhance their penetration into the personal banking market. In addition, HSBC and East Asia are the most important ones. The number of Standard Chartered branches in China ranked the top three, among which bank of East Asia took the lead in setting up Luohu branch in Shenzhen, marking the beginning of foreign banks' march into Shenzhen retail market. In addition, Citigroup, Standard Chartered, East Asia, HSBC and other 13 foreign banks have been approved to provide comprehensive online banking services, and online banking has become an important marketing means for foreign banks. In terms of entering the market through M & A, foreign banks are no longer limited to participating in city commercial banks and other local financial institutions. At the end of 2003, Hang Seng Bank took a share in Instrial Bank, and in 2004, HSBC acquired the equity of Bank of communications and sent management personnel, which to a certain extent has gained access to the retail business market in the mainland< After 2006, domestic banks will face strong competition from foreign banks in retail business market. In the short transitional period, Chinese banks must take precautions, adjust in time, and actively respond to the competition and cooperation situation after the full opening of the domestic banking instry< (1) recognize the situation and work hard
according to the current laws and regulations, foreign banks are still subject to some restrictions to fully open RMB business. For example, they can only apply for the establishment of one branch within one year, they need to open RMB business for more than three years and make profits continuously in the two years before the application. In terms of business scope, the RMB business that foreign banks can set up is also limited to: absorbing deposits, issuing loans, handling bill acceptance and discount, providing letter of credit services and guarantees, handling domestic and foreign settlement, trading. Acting for foreign exchange trading, foreign exchange and interbank lending. Due to various restrictions, the scale of RMB business of foreign banks is still small, but the expansion of foreign banks is rapid. In recent years, the total amount of RMB assets is growing at a double-digit rate every year< As far as retail business is concerned, personal foreign exchange business has been opened to foreign banks since China joined WTO in 2001; The RMB business of non residents is also open to foreign investment when Opening RMB business; The RMB business of domestic residents will not be opened until after 2006. Before 2006, the impact of foreign banks on retail business of Chinese banks was limited to indivial foreign exchange business. In this regard, foreign banks have begun to emerge. All 10 branches of HSBC in China have launched foreign exchange business for domestic residents. In 2004, the market share of personal foreign exchange remittances and remittances of 11 foreign banks in Xiamen reached 23.9% and 49.7% respectively, of which the market share of HSBC was 8.5% and 20.8% respectively, which was only lower than that of Bank of China. In terms of personal foreign exchange financing business based on foreign exchange derivatives, foreign banks are also eating into the market share of high-end personal foreign exchange customers of Chinese banks
RMB retail business is more attractive and challenging to foreign banks. The rapid expansion of foreign banks in corporate RMB business and personal foreign exchange business may repeat itself in domestic RMB business in the future< Second, the competition situation in the future. With the opening of China's banking instry to foreign investment in 2006, foreign banks, which have high hopes for the retail market in the mainland, have accelerated their distribution in the Chinese market. The competition between Chinese and foreign banks will evolve from mutual peace to more confrontation. The competition between the two sides in terms of customers, procts, channels and talents will be more intense
in terms of customers, the current customers of foreign banks are mainly expatriates in China. In the future, the Chinese in Hong Kong, Macao and Taiwan will focus on the high-income groups in China's rich cities, such as private entrepreneurs and senior managers
in terms of procts, at present, the business focus of foreign banks is mainly on financing and international settlement. Deposit and loan, guarantee, remittance, etc. In recent years, foreign banks have launched more than 100 kinds of procts and services to the Chinese market, which is more than three times that of domestic commercial banks, showing the advantages of foreign banks in proct development and innovation. In terms of personal banking, foreign banks are good at providing credit card, private loan, mortgage, deposit and wealth management services, and retail business often generates more than 50% of profits. In the future, foreign banks will make full use of their technology, experience, brand and talents to innovate and promote more procts< Chinese banks will be greatly impacted in the following aspects:
(1) personal financial services
ordinary retail financial services rely on the support of institutional outlets, and foreign banks will focus on the competition of high-income groups from the perspective of human cost and other benefits. Since 2002, foreign banks which have been allowed to operate personal foreign exchange business have set up financial management centers one after another to seize the attractive cake of high-quality customers through private financial management business. Citigroup. HSBC, Standard Chartered, East Asia, Hang Seng and other foreign banks have set up financial management centers in China to provide customers with complete services including marriage, funeral, ecation, health insurance, property investment management, moving, tourism and retirement plan management. Although the foreign banks with all-round banking system can not give full play to the advantages of their group in the mixed operation of banking, securities and insurance in China, they still have a new investment concept. Mature wealth management tools, professional financial talents and rich operational experience make foreign banks familiar with personal finance, and their entry will accelerate the loss of high-quality customers of Chinese banks< At the end of October 2004, China's foreign exchange deposits reached 158.4 billion US dollars, including 83.6 billion US dollars of residents' foreign exchange savings deposits. With the drastic change of exchange rate and the frequent adjustment of foreign currency interest rate, both residents and banks have the demand to open indivial foreign exchange transactions. In 2003, Citibank's "Youli account" and Standard Chartered Bank's "Huili account" have been tested in Shanghai and other big cities. After the CBRC issued the "Interim Measures for the administration of derivatives trading business of financial institutions" in 2004, Citibank, Standard Chartered Bank, HSBC and other 24 banks have successively obtained the qualification of derivatives. BNP Paribas has also set up a trading office in Shanghai. Foreign exchange structured procts launched by foreign banks have caused the loss of foreign exchange savings of Chinese banks. In the increasingly important personal foreign exchange market, foreign banks have an advantage, while Chinese banks do not have the ability to independently develop and manage derivatives. They can only act as sales representatives of foreign banks' procts in a back-to-back way, which is inevitable to be controlled by others< (3) credit card business
credit card is not only the financial proct with the highest daily usage rate of customers, but also the best carrier of new bank procts. China's credit card market is very attractive to foreign banks. At present, the CBRC is working with relevant departments to draft regulations on the management of bank cards to promote the card issuing business of foreign banks. Before being allowed to issue cards separately, foreign banks have joined hands with domestic partners to enter the credit card business. After Citigroup and Shanghai Pudong Development Bank established a strategic alliance partnership in 2003, Shanghai Pudong Development Bank officially launched the first al currency credit card in the mainland with management and technical support from foreign banks in February 2004, marking that foreign banks have formally entered the credit card market in the mainland of China. In December 2004, Citigroup PUFA changed its condescending attitude and announced that it would both lower the application threshold for general card and gold card, and expand the card issuing cities from Shanghai, Shenzhen and Guangzhou to 10 cities. In addition, the shenka international credit card created by the cooperation between HSBC and Bank of Shanghai and the instrial credit card created by the cooperation between Instrial Bank and Hang Seng Bank also appeared in 2004. After HSBC took a share in Bank of communications in August 2004, the two banks set up a Pacific Credit Card Center, which is expected to start issuing cards in the first quarter of 2005; In December 2004, American Express also cooperated with ICBC to launch peony express card
the joint card issuing enables foreign banks to bypass the restrictions of RMB objects and regions and enter the RMB retail market ahead of time, bringing pressure to other Chinese banks. Foreign banks get familiar with the domestic market through cooperative card issuing, and make a good market for independent card issuing in the future. Prepare for brand and publicity. At present, the UnionPay gold card project in large and medium-sized cities in China provides convenience for all banks to share network outlets and equipment resources. After foreign banks independently issue cards, they can save time and cost of laying the domestic network, and the competition of credit cards will become more intense< (4) personal credit business
in recent years, great changes have taken place in people's consumption concept and consumption structure, and the volume of bank consumer credit business is also on the rise. In the initial stage of personal consumer credit in China has a lot of development space. Foreign banks have advantages in building mortgage, auto finance and other businesses. At present, foreign banks such as HSBC, Standard Chartered, Citigroup and East Asia have carried out housing mortgage loan business for foreigners in Beijing, Shanghai and Hangzhou. In the domestic situation of tightening real estate credit and raising interest rates, foreign banks have taken up half of the export real estate mortgage market in some cities with the advantages of low loan interest rate, flexible loan ratio and term, more optional currencies and perfect services. In terms of auto finance, in 2004, Volkswagen finance and SAIC general finance have already started business, and the other three auto finance companies are also under preparation. After foreign banks were allowed to provide auto credit to Chinese residents in 2006, Chinese banks will face the risk of further loss of business
in terms of channels, foreign banks will increase their outlets, open online banking and merge domestic banks to enhance their penetration into the personal banking market. In addition, HSBC and East Asia are the most important ones. The number of Standard Chartered branches in China ranked the top three, among which bank of East Asia took the lead in setting up Luohu branch in Shenzhen, marking the beginning of foreign banks' march into Shenzhen retail market. In addition, Citigroup, Standard Chartered, East Asia, HSBC and other 13 foreign banks have been approved to provide comprehensive online banking services, and online banking has become an important marketing means for foreign banks. In terms of entering the market through M & A, foreign banks are no longer limited to participating in city commercial banks and other local financial institutions. At the end of 2003, Hang Seng Bank took a share in Instrial Bank, and in 2004, HSBC acquired the equity of Bank of communications and sent management personnel, which to a certain extent has gained access to the retail business market in the mainland< After 2006, domestic banks will face strong competition from foreign banks in retail business market. In the short transitional period, Chinese banks must take precautions, adjust in time, and actively respond to the competition and cooperation situation after the full opening of the domestic banking instry< (1) recognize the situation and work hard
2. It's not difficult for a trader to do well.
it's necessary to master the language and professional vocabulary.
it doesn't matter whether he has a non-financial background. He can adapt in three months
it's necessary to master the language and professional vocabulary.
it doesn't matter whether he has a non-financial background. He can adapt in three months
3. It is not necessary to have a bank card of a foreign bank to make out of market futures, but it is much more convenient to have a bank card in Hong Kong
at present, the restrictions on the opening of external futures accounts have been relaxed, which is basically the same as that of domestic futures accounts
personal account opening information:
1. ID card
2. Bank card
3. Passport (or Hong Kong and Macao pass) is OK
futures market refers to futures exchanges established outside Chinese mainland. The common trading futures contracts are procts in the United States, the United Kingdom, London and other exchanges. Futures contract refers to the standardized contract which is formulated by futures exchange and provides for delivery of a certain amount of subject matter at a specific time and place in the future. Some U.S. futures contracts, such as soybeans and copper, will have an impact on domestic futures prices. Domestic investors can refer to the external market. Large manufacturers and traders can also do a good job according to the external market hedging, hedging spot trading losses.
at present, the restrictions on the opening of external futures accounts have been relaxed, which is basically the same as that of domestic futures accounts
personal account opening information:
1. ID card
2. Bank card
3. Passport (or Hong Kong and Macao pass) is OK
futures market refers to futures exchanges established outside Chinese mainland. The common trading futures contracts are procts in the United States, the United Kingdom, London and other exchanges. Futures contract refers to the standardized contract which is formulated by futures exchange and provides for delivery of a certain amount of subject matter at a specific time and place in the future. Some U.S. futures contracts, such as soybeans and copper, will have an impact on domestic futures prices. Domestic investors can refer to the external market. Large manufacturers and traders can also do a good job according to the external market hedging, hedging spot trading losses.
4. Want to manage money, do foreign exchange investment
24-hour trading, two-way profit, up and down profit, money can be traded, trading unlimited times a day
24-hour trading, two-way profit, up and down profit, money can be traded, trading unlimited times a day
5. It doesn't matter whether you are in a foreign bank or not
2 you should know that foreign currencies in foreign banks are also divided into cash and cash
even in the past, foreign exchange could still be remitted
if it recovers, your cash will be lost in the first place. The general practice should be to allow you to keep it in the account,
once withdrawn, it must be changed into RMB< As for cash, it is still hard to say. In case of any regulations, compulsory settlement of spot exchange is also one of the possibilities, though not a great chance
foreign exchange control is not necessarily related to the domestic and foreign capital of banks, but regulated; On the contrary, it has much to do with the identity of the account holder
there may be different policies for domestic and foreign residents.
2 you should know that foreign currencies in foreign banks are also divided into cash and cash
even in the past, foreign exchange could still be remitted
if it recovers, your cash will be lost in the first place. The general practice should be to allow you to keep it in the account,
once withdrawn, it must be changed into RMB< As for cash, it is still hard to say. In case of any regulations, compulsory settlement of spot exchange is also one of the possibilities, though not a great chance
foreign exchange control is not necessarily related to the domestic and foreign capital of banks, but regulated; On the contrary, it has much to do with the identity of the account holder
there may be different policies for domestic and foreign residents.
6. However, there are multiple terminals in the power supply, only the flat connector and 6pin can be connected to it or the power supply line can be connected to it.
question:
in other words, the 6pin of flat connected graphics card can be connected to the power connector.
answer:
6pin of flat connected graphics card can be connected to the power supply line.
question:
by the way, the wiring board of power source can be connected to it.
answer:
there are many kinds of power interfaces, as long as they can be aligned and connected to provide power supply
question:
in other words, the 6pin of flat connected graphics card can be connected to the power connector.
answer:
6pin of flat connected graphics card can be connected to the power supply line.
question:
by the way, the wiring board of power source can be connected to it.
answer:
there are many kinds of power interfaces, as long as they can be aligned and connected to provide power supply
7. Antyk's vp450p and Delta's smart450 are just enough, and they are not expensive (only 300). 6pin power supply with a power supply, with a double 4Pin to 6pin completely no problem! This al 4Pin to 6pin cable is in the graphics card. The power supply is designed in that way. I'll give you an adapter. Isn't that a slap in the face! If you don't bring it with you, you can buy one for a few yuan, or go to the store to assemble it (someone else will install it for you directly)
8. What kind of connecting line is it? Take a picture
generally speaking, the adapter line is usually powered by ide or SATA, which can be directly plugged into the corresponding interface of the adapter line
however, simple switching may not be enough. It is necessary to pay attention to whether the power of the power supply itself is sufficient, otherwise, the power supply of the switching may be insufficient and it cannot be used stably.
generally speaking, the adapter line is usually powered by ide or SATA, which can be directly plugged into the corresponding interface of the adapter line
however, simple switching may not be enough. It is necessary to pay attention to whether the power of the power supply itself is sufficient, otherwise, the power supply of the switching may be insufficient and it cannot be used stably.
9. No,
ordinary low-power power supply does not have a graphics card interface. If the ordinary power consumption independent display is installed, and the rated power of the power supply is enough to meet the needs of the graphics card power supply, the 4P to 6p adapter line can be used
what you are sure is the big 4P to 6p interface. The big 4P interface looks like three pins, and one of the empty legs is 5V, which is not used
your big 4P interface is connected to your power 4P interface.
ordinary low-power power supply does not have a graphics card interface. If the ordinary power consumption independent display is installed, and the rated power of the power supply is enough to meet the needs of the graphics card power supply, the 4P to 6p adapter line can be used
what you are sure is the big 4P to 6p interface. The big 4P interface looks like three pins, and one of the empty legs is 5V, which is not used
your big 4P interface is connected to your power 4P interface.
10. It's too much. The price is very low
this is the result of Taobao's double 4-to-6 search
http://search1.taobao.com/browse/0/n-7---------------------------------------------g ,zovti4djnyqnpkragzygs3q-------2-------b--40--coefp-0-all-0.htm?ssid=e-p1-s1&at_ Topsearch = 1
you can buy one in your area, or your local Digital Plaza, there must be!
this is the result of Taobao's double 4-to-6 search
http://search1.taobao.com/browse/0/n-7---------------------------------------------g ,zovti4djnyqnpkragzygs3q-------2-------b--40--coefp-0-all-0.htm?ssid=e-p1-s1&at_ Topsearch = 1
you can buy one in your area, or your local Digital Plaza, there must be!
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