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Article: Foreign Financial Institutions Pouring into China
- Article from:
- Xinhua News Agency
- Article date:
- July 28, 1996
CopyrightCopyright 1996 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
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Overseas financial institutions in China brought their gross
capital up to 19.14 billion US dollars by the end of 1995, and
post-tax profits to 139 million US dollars last year, a Chinese
banker has said.
Offices of 519 Overseas financial institutions and 142 business
bodies, run by overseas financial institutions, had been established
in the country by the end of last year, the overseas edition of the
"People's Daily" quoted Jin Qi, vice-director of the administrative
department of the People's Bank of China as saying.
Statistics show that overseas financial institutions in China
granted 12.75 billion US dollars in loans last year, most of which
were extended to the country's ...