.contact us |.about us
Home BizChina Newsphoto Cartoon LanguageTips Metrolife DragonKids SMS Edu
news... ...
             Focus on... ...
   

New loan service launched
( 2001-11-29 00:57 ) (1 )

Bank of China, one of the country's largest State-owned banks, has launched a foreign currency loan service for the increasing number of Chinese students studying abroad or those who plan to do so.

Bank of China started a similar loan service in 1998 for overseas Chinese students but issued only renminbi (RMB) loans.

The new service takes advantage of the bank's numerous overseas branches by injecting foreign exchange into overseas accounts once the students are abroad, making life more convenient for them, bank officials said.

Zhu Rong, a senior bank official, said the new service was approved earlier this month by the People's Bank of China, the nation's central bank, and has been enacted in nine pilot cities, namely Beijing, Shanghai, Tianjin, Guangzhou, Shenzhen, Nanjing, Hangzhou, Xi'an and Wuhan.

Encouraged by the Ministry of Education and the State Administration of Foreign Exchange, the service is expected to be promoted in more major Chinese cities in the coming years, said Zhu, who is in charge of the promotion.

According to bank officials, the new loan service applies only to those overseas students pursuing masters degrees.

Students can apply for the service by offering certain enrollment certificates from foreign universities or colleges, bank officials said.

The term of the loan is six years, and the interest rate is almost the average level of other kinds of loans.

The sum of the loan varies according to the application but cannot exceed 80 per cent of summation of required tuition fees and ordinary life expenditures, bank officials said.

Each loan is for no more than US$40,000, though students may apply for such a loan for more than once during their overseas study period.

Such foreign exchange loans, however, should be paid back in foreign money to avoid placing more pressure on the country's foreign exchange reserve, bank officials said.

Since 1998, Bank of China has issued RMB loans totalling 200 million yuan (US$24 million) for Chinese students who study abroad. No cases of non-performing loans have been reported so far.

Students need to exchange the RMB loans into foreign exchange before spending the money abroad.

Officials said that a few other domestic banks are showing interest in offering this service.

Today, most of the bank loans in China are still RMB loans.

(China Daily by Zhang Yong)

 
   
 
   

 

         
         
       
        .contact us |.about us
  Copyright By chinadaily.com.cn. All rights reserved  
主站蜘蛛池模板: 北条麻妃久久99精品| 久久亚洲国产精品成人AV秋霞| 精品小视频在线| 成年女人18级毛片毛片免费| 亚洲jjzzjjzz在线观看| 毛片毛片毛片毛片出来毛片| 免费鲁丝片一级在线观看| 色婷婷久久综合中文网站| 国产成人av一区二区三区在线观看| 2021年最热新版天堂资源中文| 日本在线高清版卡免v| 亚洲中文字幕无码久久2020| 欧美黑人巨大白妞出浆| 免费一级毛片无毒不卡| 精品综合久久久久久8888 | 国产精品成人va在线播放| 中文字幕永久免费| 日韩精品一区二区三区中文| 伊人久久大香线蕉AV成人| 综合久久99久久99播放| 国产三级免费电影| 韩国无码AV片在线观看网站| 国产成人精品高清在线观看99| 私人影院在线观看| 国产精品高清在线观看93| 97国产在线播放| 在线观看国产人视频免费中国| jux900被公每天侵犯的我| 少妇无码太爽了在线播放| 三级黄色免费观看| 成人精品视频一区二区三区尤物| 久久久99精品成人片| 日本在线视频www色| 久久午夜无码鲁丝片| 日韩a无v码在线播放| 久久综合九九亚洲一区| 曰韩无码无遮挡A级毛片| 亚洲a视频在线观看| 欧美一区二区久久精品| 亚洲人成在线播放网站| 欧美亚洲国产视频|