pboc speech, 2006-09-21
As of end-June, 71 foreign-funded banks have opened 214 operational institutions in China; in particular, 25 cities have been opened for corporate RMB business; 26 foreign financial institutions have made equity investment in 18 domestic banks totalling US$17.9 billion; 23 joint-venture fund management companies and 8 joint-stock securities companies have been established; 42 foreign entities have become QFIIs.
Sentiment: neutral
Topic: mp_economic_activity