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Article: CHINA MERCHANTS BANK OKAYED TO OFFER OFFSHORE GUARANTEE SERVICE.
- Article from:
- AsiaPulse News
- Article date:
- August 2, 2005
CopyrightCOPYRIGHT 2005 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Aug 2 Asia Pulse - Approved by the China Banking Regulatory Commission (CBRC), the watchdog of the banking industry, China Merchants Bank is entitled to accept the guarantee under the item of offshore operations provided by residents inside China that meet the requirements of the regulations on domestic organizations providing foreign guarantee and offer offshore guarantee services to domestic and foreign beneficiaries.
China Merchants Bank began its involvement in the offshore ...